Macy's Department Stores Carry a Wide Range of Product Lines

question 59

Multiple Choice

Macy's department stores carry a wide range of product lines, including clothing, jewelry, kitchenware, and home furnishings. Macy's typically charges a relatively high markup, but also holds frequent sales and price promotions, in particular offering discounts to customers who use a Macy's credit card. Macy's uses ________.

• A) self-service retailing
• B) experiential retailing
• C) high-low pricing
• D) everyday low pricing
• E) retail convergence

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Definitions:

Command-and-control

A traditional management style that relies on hierarchical structure, strict discipline, and clear orders.

Team Members

Individuals who are part of a group collaboratively working towards a common goal, sharing responsibilities and tasks.

Autocratic Leadership

A leadership style where the leader makes decisions unilaterally without consulting others, often exerting high levels of control over team members.

Micromanages

The practice of excessively controlling or managing all aspects of work or employees’ performance, often to an unnecessary or counterproductive degree.