Stores That Carry a Considerable Assortment (Depth)of a Related Line

question 117

Multiple Choice

Stores that carry a considerable assortment (depth) of a related line of items are called:

• A)limited-line stores.
• B)general merchandise stores.
• C)scrambled merchandise stores.
• D)hypermarkets.

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Definitions:

Charge Customer

The act of billing a customer for goods or services provided, usually resulting in an accounts receivable entry for the business.

Tile Sales

Revenue generated from the sale of tiles, typically used for flooring or walls.

Contra-revenue Account

An account that is used to record deductions from gross revenue, which results in net revenue.

Sales Discount

A reduction in the price of goods or services offered to a customer, typically to encourage prompt payment or bulk purchasing.