Which of the Following Types of Retailers Obtain Surplus Merchandise

question 122

Multiple Choice

Which of the following types of retailers obtain surplus merchandise from manufacturers and offer brand- name,fashion- oriented goods at low prices?

• A)warehouse clubs
• B)specialty stores
• C)factory outlet stores
• D)department stores
• E)off- price retailers

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Definitions:

Product Liability

The legal responsibility of manufacturers and sellers to ensure that their products are safe and free from defects, and to compensate for any damages caused by their products.

Contaminated Products

Items that have been tainted with substances that are harmful or undesired, affecting the product's safety and quality.

Quality Loss Function

A mathematical formula developed by Genichi Taguchi to measure the cost of deviating from target values, emphasizing minimizing variability and losses associated with poor quality.

Specification Limits

The range of permissible or acceptable values set based on customer requirements or industry standards that products or processes should meet.