Which Term Refers to a Giant Specialty Store with a Very

question 45

Multiple Choice

Which term refers to a giant specialty store with a very deep assortment of a particular product line?

• A) convenience store
• B) factory outlet
• C) independent store
• D) category killer
• E) department store

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Definitions:

More Liquid

Describes an asset or market that allows for assets to be bought or sold quickly without significantly affecting the asset's price.

Front-end Commission

A fee paid when purchasing shares of a mutual fund, upfront, which reduces the amount invested from the start.

Expense Ratio

The annual fee that all funds and exchange-traded funds charge their shareholders, expressed as a percentage of the fund's total assets.

Rate of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.