An Example of Classification Merchandising for a Hardware Retailer Is

question 41

Multiple Choice

An example of classification merchandising for a hardware retailer is recording sales by _____.

• A)season
• B)time of day
• C)hammers,less than $5;hammers $5-$10
• D)hardware - do-it-yourself;hardware - commercial

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Definitions:

Excise Tax

A tax levied on specific goods or services, such as tobacco, gasoline, and alcohol, typically aimed at discouraging use or raising government revenue.

Indirect Tax

Tax on a thing rather than on a particular person; for example, sales tax.

Social Security Tax

A payroll tax collected to fund the Social Security program, which provides retirement, disability, and survivorship benefits to eligible Americans.

Government Role

The involvement and responsibilities assumed by a government in regulating and guiding the economy, protecting citizens, and providing public services.