Regarding Supermarkets, Which of the Following Statements Is TRUE

question 194

Multiple Choice

Regarding supermarkets, which of the following statements is TRUE?

• A) It's best to think of supermarkets as "conventional retailers."
• B) Supermarket net profits after taxes usually are about 1 percent of sales--or less.
• C) Worldwide, supermarkets make up the majority of food stores.
• D) The early supermarkets were based on the premise that consumers would pay more for better selection and service.
• E) All of the above are true.

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Definitions:

Government Officials

Government officials are individuals who hold positions of authority and responsibility in government organizations, making decisions and implementing policies.

Personal Judgment

The use of individual reasoning and belief systems in making decisions or forming opinions.

Intuition

The ability to understand or know something immediately, based on feelings rather than facts or evidence.

Scientific Investigations

A systematic process of inquiry and experimentation aimed at discovering new knowledge or verifying existing knowledge.