Which of the Following Types of Stores Has a High

question 164

Multiple Choice

Which of the following types of stores has a high gross margin,a narrow product assortment,and a high level of service?

• A) A supermarket
• B) A warehouse club
• C) A convenience store
• D) A full-line discount store
• E) A specialty store

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Definitions:

Sole Proprietorship

A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Personal Loan

An unsecured loan provided by a financial institution based on the borrower's creditworthiness, typically used for personal expenses or consolidating debt.

Personal Income Tax

A tax levied on individuals or households based on the income they receive from work, investments, or other sources.