Which of the Following Is True About Convenience Stores

question 112

Multiple Choice

Which of the following is true about convenience stores?

• A)They carry mostly shopping goods.
• B)They charge lower-than-normal prices for shopping goods.
• C)They are reluctant to change their store designs and offerings to adjust to changes in the market.
• D)They create time utility for their customers.
• E)They create form,time,and place utility for their customers.

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Definitions:

Lending Rate

Lending Rate is the interest rate charged by banks on loans extended to clients, reflecting the cost of borrowing money.

Domestic Money Market

A section of the financial market where domestic short-term borrowing and lending of funds occur.

Forward Market

A financial market in which participants can enter into contracts to buy or sell assets at a specified future date and price.

Spot Market

The Spot Market is a public financial market in which financial instruments or commodities are traded for immediate delivery.