If a Store Has Areas for Men's Apparel, Women's Apparel

question 59

Multiple Choice

If a store has areas for men's apparel, women's apparel, housewares, cosmetics and jewellery, and competes mostly on the basis of service, it is a(n) :

• A)off-price retailer.
• B)department store.
• C)discount store.
• D)superstore.
• E)supermarket.

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Definitions:

Creditors

Entities or individuals to whom money is owed.

Assets

Resources or items of value that an individual or organization owns or controls with the expectation that it will provide future benefit.

Resources Owned

Assets or possessions that are held by an individual, an organization, or a country.

Proprietorship

A business owned and operated by a single person, making it the simplest form of business ownership.