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:

Output

The quantity of goods or services produced by a company during a specific period.

Indirect Labor

Labor costs not directly attributable to the production of goods or services, such as salaries for supervisors or maintenance staff.

Direct Labor-Hours

Direct labor-hours refer to the total hours worked by employees directly involved in producing a product.

Spending Variance

The difference between the budgeted amount of spending and the actual amount spent.