A Type of Retail Outlet That Focuses on One Type

question 197

Multiple Choice

A type of retail outlet that focuses on one type of product at very competitive prices and often dominates the market is called a:

• A)general merchandise store.
• B)specialty outlet.
• C)hypermarket.
• D)category killer.

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Definitions:

Sale Price

The final amount at which a product or service is sold to consumers.

Marked Up

Refers to an increase in the selling price of goods or services, typically to create a profit margin above the cost.

Operating Expenses

Costs that a business incurs through its normal business operations, such as wages, rent, and utilities.

Wholesaler

A person or company that sells goods in large quantities at low prices, typically to retailers.