Which of the Following Is NOT an Element in the Retail

question 74

Multiple Choice

Which of the following is NOT an element in the retail mix?

• A) Competitive response
• B) Merchandise pricing
• C) Location
• D) Customer service
• E) Advertising and promotion

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Definitions:

Variable Overhead

Indirect production costs that vary with the level of output, such as utilities or indirect materials used in the production process.

Direct Materials

The raw materials that are directly used in the manufacturing process of a product and are easily traceable to that product.

Direct Labor-Hours

A measure of the work done by manufacturing employees directly involved in the production process, typically quantified in hours.

Variable Overhead

Costs that vary with the level of production output, such as supplies and utility expenses associated with manufacturing operations.