A Unique Challenge for a ______________ Is That Profit Margins

question 50

Multiple Choice

A unique challenge for a ______________ is that profit margins are low relative to other retailing concepts with net margins averaging 1 percent of sales.

• A) Market maker
• B) National brand
• C) Food retailer
• D) Non-store retailer
• E) Catalogue retailer

---

Definitions:

Human Resource Audit

An examination of the human resource policies, practices, and systems of a firm (or division) to eliminate deficiencies and improve ways to achieve goals.

Cost Leadership Strategy

A business strategy focused on gaining a competitive advantage by being the lowest cost producer in the industry.

Gains In Productivity

Increases in output per unit of input, often realized through improvements in efficiency, technology, or methods of work.

Employee Benefits

Various types of non-wage compensation provided to employees in addition to their normal salaries or wages.