In Retailing,the Cost Advantages of Large Retail Chains (Such as Wal-Mart

question 46

Multiple Choice

In retailing,the cost advantages of large retail chains (such as Wal-Mart in the US,Tesco in Britain,Metro in Germany,and Carrefour in France) is primarily the result of:

• A)Scale economies in operating large individual retail units
• B)Lower costs of bought-in products as a result of superior bargaining power
• C)Higher capacity utilization in retailing and distribution
• D)Using superior bargaining power to pay lower wage rates.

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Definitions:

Monetary Rewards

Compensation or incentives given in the form of money to employees as recognition for their work or achievement.

Nonmonetary Rewards

Incentives provided to employees that do not involve direct payment, such as recognition, promotions, or professional development opportunities.

Base Salary

The initial rate of compensation an employee receives in exchange for services, not including additional bonuses, benefits, or overtime.

Pay Perception

An individual's understanding and evaluation of how their compensation compares to others and its fairness, adequacy, and alignment with their contributions.