Gap announced that it will close 175 (nearly 26 percent) of its North American stores. It will
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Gap announced that it will close 175 (nearly 26 percent) of its North American stores. It will terminate an unknown number of workers and cut 250 headquarters jobs.
Thinking of a Gap store as a unit of capital, explain why Gap is reducing the number of stores and workers. Is Gap making a long-run decision or a shortrun decision? Is Gap taking advantage of economies of scale?
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Gaps Decrease in Stores and Workers A LongRun Decision with Complexities Capital Unit When considering a Gap store as a unit of capital its essential ...View the full answer
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