Which of the Following Is True About Convenience Stores

question 45

Multiple Choice

Which of the following is true about convenience stores?

• A) They carry mostly durable goods.
• B) They charge lower-than-normal prices for nondurable goods.
• C) They are reluctant to change their store designs and offerings to adjust to changes in the market.
• D) They create time utility for their customers.
• E) They create form, time, and place utility for their customers.

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Definitions:

Risk Premium

The additional return an investor requires for taking on a higher level of risk compared to a risk-free investment.

Risk-Free Rate

The theoretical return on an investment with no risk of financial loss, often represented by government bonds in finance.

Market Rate

The prevailing interest rate available in the marketplace for investments of a similar risk and maturity.

Expected Rate of Return

The anticipated amount of profit or loss that an investment may generate, based on historical data or statistical analysis.