Which of the Following Is a "Category Killer

question 66

Multiple Choice

Which of the following is a "category killer"?

• A)Speciality stores which stock a deep product line to be sold in restricted shop space
• B)Retail outlets with a narrow product focus but that sell products at low prices by bulk buying, accepting low margins and selling high volumes
• C)Retail outlets with a wide product focus but with an unusually wide width and depth to that product range
• D)Retail outlets with a narrow product focus but with an unusually wide width and depth to that product range

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Definitions:

Credit

Credit refers to the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources (or other materials of equal value) at a later date.

RULLCA

The Revised Uniform Limited Liability Company Act, which provides a comprehensive legal framework for the formation, operation, and dissolution of LLCs in the jurisdictions that adopt it.

Automatic Dissolution

The process by which a legal entity, such as a company or partnership, is dissolved without the need for legal actions by its members or shareholders.

LLC

An LLC, or Limited Liability Company, offers a blend of characteristics from both corporations and partnerships/sole proprietorships, providing limited liability to its owners while allowing earnings to be taxed similarly to a partnership or sole proprietorship.