Dave's Is a Retail Chain That Offers All Utility Products

question 38

Multiple Choice

Dave's is a retail chain that offers all utility products ranging from home appliances, stationery, and groceries. Its customers prefer the store as they can buy everything they need under one roof. Dave's has more than a 100 outlets across the state, which makes the store easily accessible for customers easy. These features of Dave's best exemplify the element of __________.

• A)quantity
• B)convenience
• C)preference
• D)quality

---

Definitions:

Put Option

A financial contract giving the option buyer the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified timeframe.

Paying Off Debt

The process of fully repaying borrowed money, including principal and interest, to creditors.

Common Stock

A type of security that represents ownership in a corporation, entitling the holder to vote on corporate matters and receive dividends.

Levered Firm

A company that uses debt financing in addition to equity in its capital structure, amplifying both potential gains and losses.