Regarding Supermarkets, Which of the Following Statements Is TRUE

question 292

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 these statements about supermarkets are TRUE.

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Definitions:

Secondary Data

Information that has been previously collected for another purpose but can be used for the analysis of a new question or issue.

Census Bureau

A national agency responsible for collecting, analyzing, and publishing statistical data about the population, economy, and society of a country.

Marketing Research Study

A systematic approach to collecting, analyzing, and interpreting data about a market, competition, and consumer preferences.

Internal Secondary Data

Data that has been collected within an organization for purposes other than the current research project but can be repurposed for new analysis.