Question $201$ pts

This question is based on the second passage in the packet linked above$--$"Faster Cheaper Fashion."

$$Gap is trying to catch up$.$ Its lower$-$price Old Navy chain, led by a veteran of H&M$,$ is relatively nimble.$$ Gap$/$Old Navy$$s decision to hire an H&M veteran was most likely part of a strategic move to:

Group of answer choices

Ensure the rarity of their brand

Imitate economies of experience

Steal a VRIO resource from their competitor

Initiate an economy of scale

Flag question: Question $21$

Question $211$ pts

This question is based on the second passage in the packet linked above$--$"Faster Cheaper Fashion."

According to the fourth paragraph, Gap likely suffered an $8\%$ fall in sales due to clothing market consumers shifting away from caring about price.

Group of answer choices

True

False

Flag question: Question $22$

Question $221$ pts

This question is based on the second passage in the packet linked above$--$"Faster Cheaper Fashion."

Which of the following strategies is not mentioned by retail consultant Maureen Hinton in the following excerpt? $$Maureen Hinton of Conlumino, a retail consultant, argues that Primark has a winning combination: cool clothes, attractive stores and, most important, rock$-$bottom prices.$$

Group of answer choices

Location differentiation

Product differentiation

Differentiation based on organization

Cost Leadership

Flag question: Question $23$

Question $231$ pts

This question is based on the second passage in the packet linked above$--$"Faster Cheaper Fashion"

Primark is particularly difficult for American retailers to compete with because;

Group of answer choices

All of the above

Primark has superior logistics

Its scale in other nations gives it superior bargaining power

It offers superior vareity compared to American stores like Old Navy

Flag question: Question $24$