Solved: Hardware stores strategy, What advice would you offer the owner concerning the hardware, Strategic Management

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Hardware stores strategy

Problem:

Assume that you are a consultant to a small independent hardware store in a town where a retail giant such as Wal-Mart, K-mart, or Target is about to open. The large retailer sells many of the same items the small hardware store sells, but at lower prices. What advice would you offer the owner concerning the hardware store's strategy?

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