Last Year, Over Two Million People Visited Wine

question 82

Multiple Choice

Last year, over two million people visited Wine.com and bought 14,000 different fine wines at discounted prices. Wine.com shipped wine to over 100,000 customers generating more than $30 million in sales. Wine.com has since become the most trafficked wine site in the world. As an online retail operation, how would Wine.com correctly be labelled?

• A)a full-line discount store
• B)a category killer
• C)a department store
• D)an off-price retailer

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Definitions:

Earned Value Management

A project management technique that integrates scope, cost, and schedule to assess project performance and progress.

Partial Completion

Refers to the stage in a project or task where some, but not all, components have been accomplished.

Detailed Costs

Breakdown of all individual expenses involved in a project including materials, labor, overheads, and any other costs.

High Complexity

Refers to situations, systems, or projects characterized by a high degree of multifaceted components, interactions, and intricate structures.