Assortment, or Depth, of a Merchandise Category Is the Number

question 89

True/False

Assortment, or depth, of a merchandise category is the number of different merchandising subcategories offered.

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Definitions:

Opportunity Cost

The value of the best alternative foregone as a result of choosing a particular action or decision.

Automobiles

Vehicles powered by an internal combustion engine or electric motor, used for the transportation of people or goods.

Tractors

Agricultural machines used for plowing, tilling, and planting fields, as well as for hauling equipment.

Trade Deficit

An instance where the value of goods and services a country imports is greater than what it exports, causing a trade imbalance negatively.