Regarding Retailer Store Size, It Is True That

question 391

Multiple Choice

Regarding retailer store size, it is true that:

• A) almost 75 percent of all retail sales are made by smaller stores-those with annual sales less than $1 million.
• B) almost 75 percent of all retail sales are made by the largest stores-those with annual sales over $5 million a year.
• C) small retailers are unimportant and can safely be ignored by most manufacturers and wholesalers.
• D) big retailers do a lot of business but they make up less than 5 percent of stores.
• E) None of these alternatives is correct.

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Definitions:

Marketability

The ease with which a product or service can be sold in the market due to its demand, utility, and competitive pricing.

Instruments

Legal or formal documents such as contracts, wills, or deeds that establish rights, duties, or agreements.

Time Instrument

A type of draft that allows the payee to collect payment only at a specific time in the future.

Overdue

The state of being delayed beyond the expected or usual time.