The Four Basic Types of Layout That Retailers Use Today

question 27

Multiple Choice

The four basic types of layout that retailers use today are:

• A) spine, cluster, loop, and partition.
• B) free flow, cluster, partition, and grid.
• C) cluster, free flow, loop, and spine.
• D) free flow, grid, loop, and spine.
• E) cluster, loop, spine, and partition.

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Definitions:

Nonrival

A characteristic of a good or service where one person's consumption does not reduce its availability for others, often used in the context of public goods.

Efficient Price

A price level where the quantity supplied equals the quantity demanded, leading to an optimal allocation of resources.

Nonrival

A characteristic of goods where one person's consumption does not reduce the availability of the good for consumption by others.

Nonexcludable

A characteristic of a good or service where it is impossible to prevent individuals from enjoying its benefits once it is provided.