Massachusetts-Based BJ's Wholesale (Third in Sales Among Members-Only Retail Chains)recently

question 99

Multiple Choice

Massachusetts-based BJ's Wholesale (third in sales among members-only retail chains) recently opened its first stores in Georgia in 2012. This is an example of:

• A)market development.
• B)diversification.
• C)product development.
• D)market penetration.

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Definitions:

Security Interest

A legal claim or right granted by a debtor to a creditor over the debtor's property, ensuring the property serves as collateral for the repayment of a debt.

Ordinary Course

Activities or transactions that are part of the regular, expected business operations of a company.

Insolvent Debtors

Individuals or businesses that are unable to meet their financial obligations or pay their debts as they become due.

Chattel Paper

A document or electronic record that evidences both a monetary obligation and a security interest in specific goods.