Data on Retail Sales Shows

question 227

Multiple Choice

Data on retail sales shows:

• A) about three quarters of all retail stores have annual sales over $1 million.
• B) very large retailers account for a small percentage of total retail sales.
• C) manufacturers and wholesalers are more numerous than retailers in the United States.
• D) only about 15 percent of all retailers have annual sales over $5 million.
• E) U.S. consumers spend almost $10 trillion per year in purchase from retailers.

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Definitions:

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of an investment by its cost.

Nearest Hundred Thousand

Rounding a number to the closest increment of one hundred thousand.

Social Security Contributions

Payments made to a government scheme that provides retirement, disability, and survivals benefits, funded through taxes on employers and employees.

Benefits

Advantages or payments made to employees, members of insurance policies, or other eligible parties, often in the form of health insurance, retirement plans, or disability coverage.