Which Type of Store Carries a Wide Variety of Product

question 109

Multiple Choice

Which type of store carries a wide variety of product lines and has been squeezed in recent years between more focused and flexible specialty stores on the one hand and more efficient, lower-priced discounters on the other?

• A) warehouse clubs
• B) department store
• C) factory outlet
• D) merchant wholesaler
• E) category specialist

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Definitions:

UCC

Commercial transactions in every form are governed by the United States' Uniform Commercial Code, a thorough set of legal norms.

Modification

The process of making changes or alterations to something, such as a contract or agreement, often requiring consent from all parties involved.

Oral Agreement

An oral agreement is a contract whose terms have been agreed upon by speaking rather than in writing, which can be legally binding, depending on the context and jurisdiction.

Consideration

The value (such as money, services, or goods) that is promised to be transferred in a contract, creating a binding obligation.