Wal-Mart Wal-Mart, the World's Largest Retailer by Revenue, Announced That It

question 155

Multiple Choice

Wal-Mart
Wal-Mart, the world's largest retailer by revenue, announced that it will get back to its founder's roots by initiating more price cuts. Critics claimed that the giant was getting away from its original focus because it posted relatively high gross profit margins. CEO Mike Duke assuaged critics by saying Wal-Mart's $400 billion in sales will become even larger because the price cuts will attract more customers and it will lower its costs of goods sold.
-Refer to Wal-Mart. Most Wal-Mart stores are not located in shopping centers but rather are buildings all by themselves. This type of location is referred to as a:

• A) primary outlet
• B) freestanding store
• C) pop-up store
• D) single-unit retailer
• E) strip store

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Definitions:

Geographic Regions

Areas or divisions of the Earth's surface distinguished by natural or arbitrary criteria such as climate, culture, or political boundaries.

West's Key-number System

A comprehensive indexing system used in the United States for organizing case law by legal topics and issues, allowing for efficient research and reference.

Hornbook

A primer or textbook that summarizes the basics of a particular field of study or knowledge.

Persuasive Authority

Legal sources that a court may consult for guidance but are not compelled to follow, often from different jurisdictions or legal systems.