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Answer the following questions based off the article.
1. Reflect on the strategic management decisions made by Family Dollar and Dollar General in the context of location selection and management practices. How have these decisions impacted their performance and competitive positioning? Consider the importance of strategic location selection and operational efficiency in maintaining a competitive edge in the retail industry.
2. Analyze the role of external economic factors such as inflation, government spending cuts, and consumer spending habits in shaping the business strategies of Family Dollar and Dollar General. How can businesses in the retail sector adapt their strategies to mitigate the impact of these external factors and sustain growth? Please identify which business level strategy you think these companies are using (cost leadership, focus, or differentiation) and why you think that is their strategy. Discuss the importance of aligning business-level strategy with consumer behavior.
Please make sure your answers are detailed and through.
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