Compared with Other Types of Retailers, Department Stores Compete Mainly

question 16

Multiple Choice

Compared with other types of retailers, department stores compete mainly on the basis of:

• A)customer services.
• B)low prices.
• C)a very deep assortment of a few specific products.
• D)high sales volume.
• E)catalogue sales.

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Definitions:

Variable Costs

Costs that change in proportion to the level of output or activity in a business.

Square Feet

A measure of area in the imperial system, used to calculate the size of a space, equivalent to the area of a square with sides one foot in length.

Variable Costs

Costs that vary directly with the level of production or output.

Square Feet

A unit of area measurement equal to a square that is one foot on each side.