Which of the Following Statements Is True About the Basic

question 23

Multiple Choice

Which of the following statements is true about the basic unit of analysis for making merchandise decisions?

• A) For a pet storeowner, books on the care and feeding of birds would be an example of a category
• B) Retailers and their vendors typically use the same methods for identifying categories
• C) The composition of a category must be determined by the manufacturer in order to be logical
• D) Custom wheels would not be a category for a tire retailer
• E) Categories are never defined by brand names

---

Definitions:

Before Delivery

A phase in a transaction or process that occurs prior to the transfer of goods or completion of service delivery.

Service Revenue

Income earned from providing services as opposed to selling goods.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.

Cash Collected

The total amount of money received by a company during a specific period.