A Method of Classification That Describes How Many Different Types

question 309

Multiple Choice

A method of classification that describes how many different types of products a store carries and in what assortment is referred to as _________.

• A)product involvement
• B)product assortment
• C)merchandise line
• D)service level
• E)store design

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Definitions:

Losses

The state of being deprived of or of being without something that one has had or the detrimental impact resulting from such a situation.

Quantitative Aspects

The numerical, measurable dimensions or elements of a situation, study, or problem.

Qualitative Aspects

Features or characteristics that are observed and described based on qualities rather than quantitative measurements.

Decisions

The cognitive process of selecting a course of action among several alternatives.