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.

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Definitions:

Ecosystem

The interacting system that encompasses a community and its nonliving, physical environment. Compare with community.

Producers

Organisms, typically plants, that create their own food through photosynthesis, forming the base of the food chain.

Deductive Reasoning

The reasoning that operates from generalities to specifics and can make relationships among data more apparent. Compare with inductive reasoning. See hypothetico-deductive approach.

Premises

Statements or ideas that serve as the basis for an argument or reasoning, often accepted as true to support the conclusion of an argument.