All of the Following Are Differences Between Warehouse Clubs and Discount

question 160

Multiple Choice

All of the following are differences between warehouse clubs and discount stores, except

• A) warehouse clubs spend less on advertising than discount stores
• B) warehouse clubs carry a deeper selection of fewer product categories than discount stores
• C) products in warehouse clubs are usually stacked on pallets, but not in discount stores
• D) warehouse clubs require a membership and discount stores do not
• E) warehouse clubs offer fewer products than discount stores

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Definitions:

U.S. Economy

The economic system of the United States, characterized by private enterprise, a variety of industries, and is considered one of the largest and most influential economies in the world.

Production Possibilities Frontier

A graph that shows the highest production potential for two products, based on available resources and various factors.

Means of Production

The resources—including land, labor, capital, and technology—used to produce goods and services in an economy.

Capital

Wealth in the form of money or assets, used in the production of more wealth.