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:

Theory Perseverance Effect

The phenomenon where beliefs persist even after the evidence supporting them has been discredited or debunked.

Thinking About Thinking

The process of reflecting on one's own thought patterns, beliefs, and cognitive processes; also known as metacognition.

Correspondence Bias

The tendency to draw inferences about a person's unique and enduring dispositions from behaviors that can be entirely explained by the situations in which they occur.

External Attributions

The process of assigning the cause of behavior to situational factors outside the individual, rather than internal characteristics.