What is the primary focus of the cost-cutting measures discussed in the first section?
Amato: Retail Slump a Micro Story, Consumer Is Healthy

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Technological advancements
Global market shifts
Microeconomic changes
Macroeconomic trends
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which retail sector is showing strong performance according to the first section?
Department stores
Big box retailers
Online-only stores
Housing-related retail
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge for traditional retailers in the second section?
Increasing advertising budgets
Adapting to online business
Expanding physical stores
Reducing product variety
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What pressure is highlighted for major retailers like Walmart and Target in the third section?
Increasing wages
Lowering product prices
Reducing employee numbers
Expanding international markets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What broader implication is discussed in the third section regarding labor costs?
Impact on the retail industry
Rise in product prices
Decreased consumer spending
Increased automation
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