Virgo IncOffers Its Products at Relatively Low Prices to Its Customers

question 46

Multiple Choice

Virgo Inc.offers its products at relatively low prices to its customers.Virgo's strategy of procuring goods for sale from different manufacturers or retailers has resulted in an inconsistent assortment of goods at its store.Virgo is an example of a(n) :

• A)category killer.
• B)drugstore.
• C)hypermarket.
• D)off-price retailer.
• E)specialty store.

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Definitions:

Genuineness

The quality of being honest, sincere, and authentic in one's expressions or feelings.

Behavior Modification

A psychological strategy aimed at changing specific undesirable behaviors through reinforcement, punishment, or other learning techniques.

Classical Conditioning

An educational method where two stimuli are consistently associated; initially, the response is triggered by the second stimulus but over time, it becomes triggered by the first stimulus alone.

Operant Conditioning

An educational method where the intensity of an action is altered through either rewards or consequences.