Off-Price Retailers Feature

question 137

Multiple Choice

Off-price retailers feature:

• A) deep discounts, few customer services, and central checkouts.
• B) sales expertise, wide selections, and low prices.
• C) overstocks, private-brand products, and moderate prices.
• D) a narrow product range and enormous product availability.
• E) cash only sales and few customer services.

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Definitions:

Acid-Test Ratio

A financial metric used to determine a company's short-term liquidity position, measuring its ability to cover short-term liabilities with its most liquid assets.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, often recorded as assets on the balance sheet.

Current Liabilities

Short-term financial obligations that are due to be paid within one year or within the normal operating cycle of a business.

Acid-Test Ratio

A liquidity ratio, also known as the quick ratio, that measures a company's ability to pay off its current liabilities with its quick assets (cash, marketable securities, and accounts receivable).