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What is the rational basis test and why is it important?
Category Killer
A large retail store specializing in a specific category of goods with an extensive selection that dominates the competition, often leading to smaller specialty stores' decline.
Direct Selling
A retail channel where sales are made directly to the consumer by a representative of the company.
Commonly Owned
Refers to assets or properties held jointly by two or more parties.
Full-line Discount
A pricing strategy where a retailer offers discounts on the entire range of products.
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