Which Statement Best Describes the Similarities Between Retail Convergence and Scrambled

question 117

Multiple Choice

Which statement best describes the similarities between retail convergence and scrambled merchandising?​

• A)​Both are frustrating to consumers because they make it difficult to know which stores carry certain items.
• B)​Both terms describe the contemporary retail market, in which similar items are available from multiple retailers.
• C)​Both are retail trends that are blurring the lines between different types of retailers, making classification difficult.
• D)​Both terms describe the practice of offering very dissimilar products at the same location in the hope of increasing overall sales.
• E)​Both are methods used to classify types of retailers by such characteristics as "form of store ownership" and "services provided."

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Definitions:

Common Law

A body of legal precedents derived from judicial decisions, as opposed to statutes or written laws enacted by legislature.

Judge-made Law

Law established through decisions made by judges in court cases, also known as common law or case law.

Court of Chancery

A court that historically dealt with disputes in equity, such as trusts and estates, rather than legal claims.

Law of Equity

A body of law that supplements the common law and corrects injustices by providing remedies not available in courts of law.