Consumers Benefit in Dealing with Retail Corporate Chains Because

question 91

Multiple Choice

Consumers benefit in dealing with retail corporate 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 publicly traded.
• C)they can establish a credit history more easily than 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:

Excise Tax

A tax levied on the sale of specific goods and services, such as tobacco, alcohol, and gasoline.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded.

Luxury Yachts

High-end, luxurious boats equipped with sophisticated amenities, designed for comfort and leisure.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unachievable.