Regarding Retailing, Which of the Following Statements Is FALSE

question 256

Multiple Choice

Regarding retailing, which of the following statements is FALSE?

• 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 these statements regarding retailing is FALSE.

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Definitions:

Fixed Rate

An interest rate that remains constant over the life of a loan or investment, unaffected by market fluctuations.

Derivative

A financial tool whose worth derives from the worth of a different asset.

Call Option

A call option is a financial contract giving the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a predetermined time frame.

Economic Exposure

The risk that a company's cash flow and market value may be affected by unexpected changes in exchange rates.