Which of the Following Represents the Thinking Behind Used Goods

question 97

Multiple Choice

Which of the following represents the thinking behind used goods retailers?

• A) They sell items from a full-line discount stock to customers who are drawn in primarily by the food on sale.
• B) They sell overruns,irregular merchandise,and/or overstocks purchased from manufacturers at or below cost.
• C) They offer a nearly complete selection of merchandise within a single category and use self-service,discount prices,high volume,and high turnover to their advantage.
• D) They turn customers into suppliers by buying back pre-owned items from customers and reselling to different customers.

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Definitions:

Profit Centre

A branch or division of a company that is treated as a separate business, responsible for generating its own revenue and profits.

Performance Measure

Indicators used to evaluate the efficiency, effectiveness, and success of an organization's activities or employees' actions.

Return on Investment

A financial metric used to evaluate the efficiency of an investment, calculated as the net profit of the investment divided by its cost.

Responsibility Report

A financial report that breaks down costs, revenues, and performance metrics by areas of accountability, aiding in evaluating managers' performance.