Which of the Following Is True About General Merchandise Discount

question 146

Multiple Choice

Which of the following is true about general merchandise discount stores?

• A) They typically have deep and narrow assortments.
• B) They typically have shallow and narrow assortments.
• C) They do not use price differentiation.
• D) They appeal to consumers who want easy access to a lot of merchandise.
• E) They are typically full-service retailers.

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Definitions:

Class

In Marx’s sense of the term, is determined by a person’s relationship to the means of production. In Weber’s usage, class is determined by a person’s “market situation.”

Status Groups

Communities or groups of people who share a similar social status, often determined by factors such as occupation, wealth, and prestige.

Parties

Social gatherings of invited guests, typically involving eating, drinking, and entertainment; in a political context, organized groups of people with similar ideological beliefs or goals.

Classes

Distinct groups within a society, differentiated by factors like wealth, occupation, and social status.