Dillard's and Parisian's Are Two Department Store Chains That Have

question 163

Multiple Choice

Dillard's and Parisian's are two department store chains that have high value added and broad product lines. They pay close attention to store design and product lines. Merchandise in these stores often has a high margin of profit and is of high quality. Such stores typically provide:

• A)prompt mail-order delivery.
• B)direct ordering from television infomercials.
• C)low levels of service.
• D)high levels of service.

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Definitions:

Accounts Payable

Liabilities or amounts a company owes to creditors or suppliers for goods or services that have been received but not yet paid for.

Sales Discount

A reduction from the listed or invoice price offered by a seller to a buyer, often to prompt early payment or reward bulk purchases.

Decrease Net Income

Any event or transaction that results in a reduction of the net income of a company.

Decrease In Assets

A reduction in the value or quantity of the resources owned by an entity.