False. The wheel of retailing theory provides a framework for understanding certain trends and developments in retailing, particularly the progression of retailers from low-cost and low-margin operations to higher-cost and higher-margin businesses. However, it does not account for all major retailing developments, as the retail landscape is influenced by a variety of factors, including technological advancements, consumer behavior changes, economic conditions, and competitive dynamics. Therefore, while the theory can provide insights into some patterns, it is not a comprehensive explanation for all retailing developments.
True or false: The wheel of retailing theory provides accurate explanation for all major retailing developments.
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