Which of the Following Is a Factor That Has Contributed

question 11

Multiple Choice

Which of the following is a factor that has contributed to greater retail concentration in developed countries?

• A)A tradition of established local neighborhood stores
• B)An increase in car ownership
• C)A retail system that encourages long channel length
• D)An increase in the number of single-income households
• E)An increase in the population density

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Definitions:

Market Value

The present cost at which a service or asset is available for purchase or sale on an open market.

Selling Price

The amount of money for which a product or service is sold to customers, which may include discounts, promotions, or variable pricing strategies.

Conservatism

An accounting principle that requires potentially uncertain expenses and liabilities to be recognized promptly, but revenues only when they are assured.

Accounting Principle

Fundamental guidelines or rules that govern financial accounting practices.