The Use of Standardized Store Layouts,second-Use Locations,and Buying Refurbished Equipment

question 76

Multiple Choice

The use of standardized store layouts,second-use locations,and buying refurbished equipment are characteristics of ________.

• A) adaptation strategies
• B) a cost-containment approach
• C) positioned retailing
• D) mass merchandising

---

Definitions:

Direct Expenses

Direct expenses are costs that can be directly traced to a specific department, project, or activity, such as raw materials and labor used in the production of goods.

Cycle Efficiency

The effectiveness and efficiency of a business process or cycle in achieving its objectives without waste.

Days

A unit of time measurement equal to 24 hours, often used in business to measure durations such as payment terms and production cycles.

Purchasing Department

A division within a company responsible for acquiring goods and services needed for business operations.