Which of the Following Differentiates Between an Outlet Mall and a Value-Retail

question 62

Multiple Choice

Which of the following differentiates between an outlet mall and a value-retail center?

• A)An outlet mall stocks convenience goods, while a value-retail center sells luxury goods.
• B)An outlet mall sells its products on par with the retail prices, while a value-retail center charges rates that are slightly below the retail prices.
• C)An outlet mall consists primarily of the manufacturers' outlets, while a value-retail center combines manufacturers' outlets with off-price retail stores and department store clearance outlets.
• D)An outlet mall is managed by buying and selling agents, while a value-retail center has employees who belong to the manufacturer's organization as bonafide employees.
• E)An outlet mall is a type of off-price retailing, while a value-retail center is an example of designer shops that have high markups and low volume.

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Definitions:

Serial Bonds

A type of bond issue that is structured so that a portion of the bonds matures at different intervals over a period of time, facilitating the gradual repayment of the debt.

Interest Expense

The cost incurred by an entity for borrowed funds, reported on the income statement as part of operating expenses if related to core operations, or as non-operating expenses if it is not.

Bonds Outstanding Method

A technique used to calculate the total amount of bonds that are currently issued and not yet redeemed or paid off by the issuer.

Note Receivable

A written promise for amounts to be received by a business, typically including interest, from another party.