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:

Emigrated

The act of leaving one's country to live in another.

Liberia

A country on the West African coast, established as a colony for freed African American slaves in the 19th century.

National Council

A governing body or assembly that represents a nation, often comprising elected or appointed members who discuss and decide on national issues.

Colored People

An outdated term formerly used to describe people of non-white racial backgrounds, now considered archaic and potentially offensive.