Which of These Is Not a Characteristic of a Rationalized

question 45

Multiple Choice

Which of these is not a characteristic of a rationalized retailing strategy?

• A) the use of prototype stores
• B) the use of rigorous operating procedures for every phase of the business
• C) decentralized management
• D) a common store layout to all store units

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Definitions:

Assets

Resources owned or controlled by a business or an individual that have expected future economic benefits.

Liabilities

Present obligations of an entity arising from past transactions or events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.

Sale Of Goods

A transaction between two parties where the seller transfers the ownership of goods to the buyer for a price.

Fair Value

An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.