Which of the Following Is True of High-Margin/low-Turnover Stores

question 24

Multiple Choice

Which of the following is true of high-margin/low-turnover stores?

• A)They usually concentrate on fast-moving items.
• B)They focus on standardized,prepackaged merchandise that helps lower personnel costs by reducing or eliminating in-store sales assistance.
• C)They carry a relatively limited selection in each product category.
• D)They emphasize prestigious national brands or exclusive goods unavailable elsewhere.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.