Which of the Following Is NOT True About Warehouse Clubs

question 27

Multiple Choice

Which of the following is NOT true about warehouse clubs?

• A) They are not full-service stores.
• B) They often charge their customers with a modest annual membership fee.
• C) They carry items in bulk.
• D) They carry a more limited selection of merchandise than that offered by most grocery stores.
• E) Groceries account for the smallest portion of sales revenue.

---

Definitions:

Income Statement

A financial statement that shows a company's financial performance over a specific period by summarizing its revenues, expenses, and net income or loss.

Finished Goods Inventory

The total value of all completed products that are ready for sale but have not yet been sold.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Cost of Goods Manufactured

The total cost accrued in making products completed during an accounting period, including labor, material, and overhead costs.