Consumers Benefit in Dealing with Chains Because

question 6

Multiple Choice

Consumers benefit in dealing with chains because

• A)corporate chains have more experience than other forms of retailers.
• B)they can own stock in the same company where they shop since corporate chain stock must be publically traded.
• C)they can establish a credit history more easily that with other forms of retailers.
• D)there are multiple outlets with similar merchandise and consistent management policies.
• E)they have less stress in making decisions since merchandise is arranged and displayed by professional designers.

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Definitions:

Median Price

The middle value in a set of prices, with half of the data points being higher and half being lower.

Quartiles

Three values represented by Q1, Q2, and Q3 that divide the distribution into four subsets that each contains 25% of the data.

Sales Tax

A levy charged by an authority on the transactions of specific products and services.

License Plates

License Plates are metal or plastic plates attached to motor vehicles for official identification purposes, displaying a unique number or alphanumeric code issued by governmental agencies.