| Direction: Study the following passage carefully and answer the questions given below: |
| Global food retail industry has become tightly competitive in last few years. In dynamic operating environment, companies need to understand the competitive nature of the global food industry means to understand changing consumer preferences. They are making continuous efforts to meet these demands in order to secure their positions in the industry. Companies have the aim to build collaborative working relationships with stakeholders, the ultimate objective of building an efficient food distribution system. Wal-Mart is the world largest retailer in food retail industry. The company operates retail stores in various formats. It operates more than 6,000 stores in the United States and in 13 international markets. Food retail industry is a highly saturated market and the new entrants would face difficulty to become successive in this industry. Stable relationships with suppliers are essential to Wal-Mart business; Wal-Mart is focusing on expanding its product line by including demanding products as well as environmental friendly products. So, Wal-Mart can be considered as a miniature of global retail industry. |
A) It is flexible enough to adopt demands of the customers
B) It operates more than 6,000 stores and 13 countries
C) It has created an effective food distribution system
D) a and b
Correct Answer: A
Solution :
(a)| 1. Deductive reasoning |
| 2. Argument |
| 3. Object and Function Analogy |
| The global food industry means to understand changing consumer preferences. They are making continuous efforts to meet these demands in order to secure their positions in the industry. Wal-Mart is focusing on expanding its product line by including demanding products as well as environmental friendly products. So, Wal-Mart can be considered as a miniature of global retail industry. |
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