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:

Useful Life

The expected period of time during which an asset is useful to the average owner and can generate income or benefits.

Capital Fund

Resources accumulated by an entity to finance long-term projects or investment, not intended for regular operational expenses.

General Fund

The primary operating fund of a governmental entity, covering most basic governmental functions and activities.

Endowment Fund

A financial asset donation made to an institution that uses the resulting investment income for a specific purpose.