The First US Based Chain Store Is 1859 Was

question 96

Multiple Choice

The first US based chain store is 1859 was:

• A) Walmart.
• B) Sears Roebuck.
• C) JCPenny.
• D) Woolworth's.
• E) The Great Atlantic and Pacific Tea Company (A&P).

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Definitions:

Contribution Margin

The residual amount from sales income following the deduction of variable expenses, allocated for covering fixed costs and producing profit.

Variable Costs

Expenses that vary in relation to the amount of production or business activity.

Fixed Costs

Costs that do not change with the level of output produced, such as rent and salaries.

Break-Even Point

The financial analysis term where total costs and total revenues are equal, resulting in no net loss or gain for the business.