Final answer:
The Small Store is an example of an extreme value retailer, targeting customers in rural and lower-income areas with a limited product range at low prices.
Step-by-step explanation:
The Small Store, which offers a limited variety of products at lower prices and targets customers in rural and lower-income urban areas, is an example of an extreme value retailer. Extreme value retailers focus on delivering low-cost goods to a specific market, often in convenient locations for their target customer base. They differ from warehouse clubs, which require membership and often sell in bulk; hypermarkets, which are very large stores offering a wide variety of products including groceries and general merchandise; supercenters, which combine grocery and department stores; and specialty stores, which focus on specific categories and offer a premium assortment in those categories.