A Factory Outlet Is an Example of A(n) ________ Retailer

question 9

Multiple Choice

A factory outlet is an example of a(n) ________ retailer.

• A) off-price
• B) specialty
• C) discount
• D) department
• E) catalog

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Definitions:

Automobile Companies

Businesses involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

International Trade

The exchange of goods and services across international borders or territories, involving the import and export between countries.

Normative Economic Statements

Assertions about economic outcomes or policies that incorporate judgments about what is desirable or undesirable, reflecting values and norms rather than hard facts.

Standard of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.