Which of the Following Represents the Thinking Behind Single-Line Specialty

question 38

Multiple Choice

Which of the following represents the thinking behind single-line specialty discount stores such as Foot Locker?

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

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Definitions:

Insurance Policy

A contract between an individual or entity and an insurance company, outlining the terms under which the insurer agrees to compensate the insured for specific losses or damages.

Human Fraud

Deliberate deception by individuals within an organization to secure an unfair or unlawful gain.

Cash Registers

Electronic or mechanical devices used in retail settings to calculate and record sales transactions, and to store money.

Time Clocks

Devices used to record the start and end times of employees' work hours.