Which of the Following Is True About Convenience Stores

question 63

Multiple Choice

Which of the following is true about convenience stores?

• A)They create form,time,and place utility for their customers.
• B)They carry mostly shopping goods.
• C)They create time utility for their customers.
• D)They are reluctant to change their store designs and offerings to adjust to changes in the market.
• E)They charge lower- than- normal prices for shopping goods.

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Definitions:

Related Resource

Resources that are connected or relevant to one another in such a way that the presence, absence, or alteration of one can affect the other.

Labor Demand

Labor demand is the quantity of workers that employers are willing and able to hire at a given wage rate, within a certain period.

Chemical Equipment

Machinery and tools used for chemical processing, including reactors, distillation columns, and pumps, among others.

Substitution Effect

A change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with less expensive ones.