As a General Rule of Thumb,a Retailer That Has a High

question 4

Multiple Choice

As a general rule of thumb,a retailer that has a high gross margin will have:

• A) m-commerce capabilities
• B) an inventory management system
• C) low prices
• D) salespeople trained in cross-selling techniques
• E) high prices

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Definitions:

Social Class

A division of a society based on social and economic status, where individuals are grouped by criteria such as occupation, income, wealth, education, and social network.

Occupation

Occupation refers to a person's regular, long-term employment or role in society, which often defines a part of their identity and social status.

Age

The length of time that a person or entity has existed.

Bar Mitzvah

A Jewish coming of age ritual for boys reaching the age of 13, symbolizing their obligation to observe the commandments.