Regarding Retailing, Which of the Following Statements Is NOT True

question 132

Multiple Choice

Regarding retailing, which of the following statements is NOT true?

• A) Supermarkets average about $17 million in sales per year.
• B) Single-line mass-merchandisers have not been successful--probably because their assortments are so limited.
• C) Mass-merchandisers put less emphasis on knowledgeable salespeople than more conventional retailers.
• D) Discount houses got their start selling "hard goods" at lower prices.
• E) None of the above.

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Definitions:

Liability

The financial liabilities or obligations a company is legally bound to settle, which emerge in the process of conducting its business activities.

Owner's Equity

The amount of ownership an individual or entity has in a company, represented by the assets minus liabilities and often seen as the owner's claim against the company's assets.

Total Liabilities

The combined amount of debts and obligations that a company owes to outside parties at any given time.

Total Assets

The sum of all assets owned by a business, including both current and long-term assets, which represents the total resources available to the company.