Which of the Following Is Not a Benefit of Retail

question 102

Multiple Choice

Which of the following is not a benefit of retail store channel shopping?

• A) Browsing
• B) Cash payment
• C) Personal service
• D) Touch and feel products
• E) Personal safety

Understand the roles and limitations of corporate bylaws and articles of incorporation.

Comprehend the mechanisms and consequences of defective incorporation and the doctrine of estoppel in corporate law.

Know the legal status and rights of corporations under the U.S. Constitution.

Understand the procedures for dealing with ultra vires acts in a corporate setting.

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Definitions:

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold by a business.

Degree of Operating Leverage

A measure that quantifies how much sales revenue can affect operating income due to the presence of fixed costs in a company's cost structure.

Pretax Profit

The profit earned by a company before any tax is deducted, showing the company's earnings directly from its operations.

Break-Even Point

The financial state where total costs equal total revenues, resulting in no net loss or gain for the business.