The Basic Idea for Supermarkets Developed in the U

question 177

True/False

The basic idea for supermarkets developed in the U.S. in the 1960s when consumers started to move from the cities to the suburbs.

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Definitions:

Allowance

An amount set aside or deducted to account for possible adjustments or for diminution in value, notably in the contexts of accounts receivable and inventory.

Service Charge

A fee collected for the provision of a service, often added to the base cost of the service.

Credit Card

A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services based on the holder's promise to pay for them.

Journal Entry

A record in the books of accounts that shows a business transaction and its effect on the company's finances.