Which of the Following Is True About General Merchandise Discount

question 62

Multiple Choice

Which of the following is true about general merchandise discount stores?

• A)They do not use price differentiation.
• B)They typically have deep and narrow assortments.
• C)They are typically full- service retailers.
• D)They typically have shallow and narrow assortments.
• E)They appeal to consumers who want easy access to a lot of merchandise.

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Definitions:

Implied-in-Fact Contract

An implied-in-fact contract is an agreement that is not expressed in words but is inferred from the actions or conduct of the parties involved.

Original Agreement

The initial contract or understanding reached between parties, before any amendments, modifications, or terminations.

Automatically Terminated

Refers to a condition in contracts or agreements where certain actions or failures to act result in the termination of the agreement without the need for further legal action.

Reasonable Amount

A quantity or level of something that is considered fair, appropriate, and within legal or prudent limits under the circumstances.