For the Past 20 Years, Perry Has Been an Owner

question 38

Multiple Choice

For the past 20 years, Perry has been an owner of several Coldwell Banker Real Estate franchises.To increase business, Perry spends a great deal of money marketing and advertising his businesses online.Perry decides he would like to move beyond just marketing and create an actual ebusiness that acts like a search engine but only focuses on the real estate industry.The main revenue source for this Perry's ebusiness will be a charge of $50 a month for each property that is listed on the website.What is the primary revenue model for Perry's new business?

• A)License fees
• B)Advertising fees
• C)Subscription fees
• D)All of these

Comprehend the concept and strategies involved in markup pricing in retail.

Understand the components and significance of the retailing mix in retail management.

Understand the concepts of markup, maintained markup, and markdown in retail pricing strategies.

Identify and explain the components of the retailing mix and their relevance to retail management.

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Definitions:

Reliability

The degree to which an assessment tool produces stable and consistent results over repeated applications or trials.

Validity

The extent to which a test or instrument measures what it is supposed to measure, indicating the accuracy of the results.

Standardized Test

An exam administered and scored in a consistent manner to ensure comparability across different test takers.

Consistent Results

Findings or outcomes from experiments or studies that are repeatedly similar under the same or similar conditions, indicating reliability.