Retailers in Expensive Resort Areas Often Find It Difficult to Hire

question 110

Multiple Choice

Retailers in expensive resort areas often find it difficult to hire quality salespeople.In a situation like this,retailers should consider augmenting or even replacing the sales and customer service functions with

• A) expanded hours of operation.
• B) continuous use of promotions.
• C) in-store kiosks or self-checkout lanes.
• D) special attention to product placement in their stores.
• E) variable pricing strategies.

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Definitions:

Variable Cost Per Unit

The cost that varies with each unit of production or service provided.

Net 30 Credit Policy

A payment term indicating that the payment for goods or services is due 30 days after the invoice date, often used in business-to-business transactions.

Monthly Interest Rate

The interest rate applied to a loan or investment for one month, often used to calculate the monthly interest payments or earnings.