Which of the Following Statements About Specialty Stores Is True

question 84

Multiple Choice

Which of the following statements about specialty stores is true?

• A) Customers usually consider price to be the most important factor in their selection of a specialty store.
• B) Customers at specialty stores are not concerned with the distinctiveness of the merchandise or the store's physical appearance.
• C) Specialty stores typically avoid price wars.
• D) Specialty stores are ineffective test markets.
• E) A typical specialty store carries a wider assortment of specialty merchandise than department stores.

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Definitions:

Savings

Money set aside for future use rather than spent immediately.

Savings

The portion of income not spent on current consumption or taxes, instead set aside for future use or investment.

Disposable Income

The money households have for spending and saving after subtracting income taxes.

Disposable Income

The amount of income left for spending or saving after taxes have been paid.