Which of the Following Reached Market Maturity Over a 15-Year

question 146

Multiple Choice

Which of the following reached market maturity over a 15-year period starting in 1970?

• A) Catalog showrooms
• B) Fast-food outlets
• C) Single-line mass merchandisers
• D) Mass-merchandisers
• E) Supercenters

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Definitions:

Capital Budgeting

The process by which a business evaluates and selects long-term investments based on their potential to generate net cash flows over time.

After-Tax Discount Rate

The rate used to discount future cash flows to their present value after accounting for taxes.

Working Capital

The difference between a company’s current assets and current liabilities, indicating the amount of liquid assets available to fund the company’s day-to-day operations.

Discount Factor

A multiplier used to discount future cash flows to their present value.