A Significant Factor in the Growth of Factory Outlets Is

question 15

Multiple Choice

A significant factor in the growth of factory outlets is the ________.

• A) growth of off-price chains
• B) desire of suppliers to control where their discounted merchandise is sold
• C) desire for independent vertical systems by manufacturers
• D) ability of outlets to purchase merchandise for cash

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Definitions:

Foreign Exports

Products or services that are manufactured in one nation and purchased by consumers in a different country.

Say's Law

Say's Law, also known as the law of markets, is an economic principle which suggests that production creates its own demand, positing that a supply of goods will ultimately lead to the creation of an equivalent demand.

Demand Prices

Prices of goods and services determined by the demand for them, often influenced by consumers' willingness and ability to pay.

Supply Prices

The costs associated with producing goods and services, which can influence the supply levels offered by producers.