The Bay Announced It Would Open a 9,000-Plus Square Metre

question 129

Multiple Choice

The Bay announced it would open a 9,000-plus square metre freestanding store in the new West Grand Promenade. This would be the largest store on the promenade, with other smaller stores selling food, tires, and shoes. How else can this Bay store be described?

• A)as the only large store in the shopping centre
• B)as a destination store
• C)as a big box retailer
• D)as a specialty store

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Definitions:

Selling Price

The amount of money charged for a product or service, ultimately determining the revenue generated from sales.

Net 45

A payment term indicating that the full amount is due for payment 45 days after the invoice date.

Sales Discount

A reduction in the price of a product or service offered to customers to encourage prompt payment.

FOB Shipping Point

A term used in shipping contracts to indicate that the buyer is responsible for the cost and risk of loss or damage once the goods are shipped by the seller.