In Europe, Stores Are Based on the Concept of One-Stop

question 153

Multiple Choice

In Europe, stores are based on the concept of one-stop shopping for consumers. These can best be described as:

• A)megamarkets
• B)euromarkets
• C)hypermarkets
• D)one-stop markets

---

Definitions:

Factor Analysis

A statistical procedure that identifies clusters of related items (called factors) on a test; used to identify different dimensions of performance that underlie a person’s total score.

Algorithms

Step-by-step procedures or formulas for solving problems, often employed in the fields of mathematics and computer science.

Availability Heuristic

A cognitive shortcut that depends on the first examples that spring to mind when one assesses a particular topic, concept, strategy, or choice.

Framing Effect

The influence of context or the way information is presented on how it is perceived and interpreted.