According to Learning from Experience: Jim Sinegal,the Cofounder,president,and CEO of Costco

question 149

True/False

According to Learning from Experience: Jim Sinegal,the cofounder,president,and CEO of Costco Wholesale,says that one of his cardinal rules is that no branded item,such as a Xerox printer,can be marked up by more than 14 percent and no private-label item,such as Costco gasoline,by more than 15 percent.

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Definitions:

Baltic

The term Baltic often refers to the Baltic Exchange, a marketplace for the trading and settlement of physical and derivative shipping contracts.

Securities Act

A U.S. law enacted in 1933 that governs the sale of securities, aiming to provide investors with transparent information and to prevent fraud.

New Securities

Financial instruments that have been newly issued to investors, usually referring to stocks or bonds that have just been offered to the public or private investors.

Electronic Trading Systems

Platforms that facilitate the trading of financial securities, commodities, and other assets using electronic networks and computers.