The Variable Socioeconomic Status Ranges from Upper Class to Lower

question 33

Multiple Choice

The variable socioeconomic status ranges from upper class to lower class and is an example of the________.

• A) nominal level of measurement .
• B) ordinal level of measurement.
• C) interval-ratio level of measurement.
• D) ratio level of measurement.

---

Definitions:

Extreme Value Retailers

Retailers that offer products at significantly lower prices than their competitors, typically by reducing costs through simple store designs and limited service.

Dollar Discount Stores

Retail outlets where a majority of the items are sold at discounted prices, typically one dollar or around that price point.

Scrambled Merchandising

A retail strategy where a store sells products beyond its traditional inventory or industry category, to increase footfall or market share.

Catalog Marketing

A type of marketing strategy where companies use printed or digital catalogs to showcase their products or services to potential customers.