Since the 1980s, Wal-Mart Stores Have Appeared in Almost Every

question 127

Multiple Choice

Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys their goods in large quantities and therefore at cheaper prices. Wal-Mart also locates its stores where land prices are low, usually outside of the community business district. Many customers shop at Wal-Mart because of low prices and free parking. Local retailers, like the neighborhood drug store, often go out of business because they lose customers. This story demonstrates that:

• A) consumers are boycotting local retailers.
• B) Wal-Mart engages in illegal acts of monopolization.
• C) there are diseconomies of scale in retail sales.
• D) there are economies of scale in retail sales.
• E) Wal-Mart is managed by ruthless business people.

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Definitions:

Support

In data mining and machine learning, it often refers to the frequency or occurrence of certain patterns or relationships within a dataset.

Population Parameter

A numerical value that represents a characteristic of a population, such as its mean or variance.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.

Assumption

A basic condition or premise considered to be true without verification or proof, often used as a starting point for further analysis.