Because Retailers Are Concerned with Product Selection, Price and Space

question 69

Multiple Choice

Because retailers are concerned with product selection, price and space, they often evaluate products on the basis of:

• A)their mark-up.
• B)sales per square metre of the selling area.
• C)how much of the product they can fit in a certain amount of space.
• D)profit per dollar of selling price.
• E)the reliability of the supplier.

---

Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, starting from basic physical requirements to higher psychological needs, culminating in self-actualization.

Safety And Security

Measures and practices put in place to ensure the well-being and protection of individuals or property.

Physiological

Relating to the functions and processes of living organisms and their parts.

Stimulation Needs

The requirement for mental or physical activity to maintain cognitive and physical health, particularly in different age groups or individuals with specific health conditions.