In Which of the Following Stores Would You Expect to Find

question 77

Multiple Choice

In which of the following stores would you expect to find a narrow but very deep assortment? 

• A) A hypermarket like Carrefour in France.
• B) A category killer like Office Depot.
• C) A mass merchandiser like Target.
• D) A convenience store like 7-Eleven.

---

Definitions:

Discount

A reduction applied to the face value of a product, service, or security to encourage purchase or investment.

Net 60

A payment term indicating that payment is due 60 days after the invoice date.

Effective Annual Rate

The interest rate on a loan or financial product restated on an annual basis, taking compounding into account.