Supermarkets

question 316

Multiple Choice

Supermarkets

• A) usually earn net profits that are at least 15 percent of sales.
• B) were late adopters of the mass-merchandising concept.
• C) usually carry about 100,000 product items per store.
• D) are designed to maximize efficiency.
• E) All of these alternatives are correct for supermarkets.

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Definitions:

Great Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales, specifically referring to the global economic downturn that began in 2007 and lasted until 2009.

Real GDP

A measure of a country's economic output adjusted for price changes (inflation or deflation), providing a more accurate reflection of an economy's size and growth rate.

Gross Investment

The total expenditure on new capital assets plus the replacement of depreciated assets within an economy in a specific time period.

Net Domestic Product

The aggregate worth of every product and service generated inside a nation over a particular timeframe, deducting depreciation.