Since the 1980s, Wal-Mart Stores Have Appeared in Almost Every

question 392

Multiple Choice

Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys its goods in large quantities and, therefore, at cheaper prices. Wal-Mart also locates its stores where land prices are low, usually outside of the community business district. Many customers shop at Wal-Mart because of low prices. Local retailers, like the neighborhood drug store, often go out of business because they lose customers. This story demonstrates that

• A)consumers do not react to changing prices.
• B)there are diseconomies of scale in retail sales.
• C)there are economies of scale in retail sales.
• D)there are diminishing returns to producing and selling retail goods.

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Definitions:

Carbon Dioxide

Carbon dioxide is an invisible, scentless gas that results from the combustion of carbon and organic materials as well as the process of respiration. It occurs naturally in the atmosphere and is taken in by plants for the process of photosynthesis.

Respiratory Surfaces

The parts of organisms where gas exchange between the external environment and the internal tissues occurs, typically thin, moist, and highly vascularized for efficient diffusion of gases.

Moist

Slightly wet or damp, often used to describe environments or surfaces.

Choking

The blockage of the airway by a foreign object, leading to a severe reduction in breathing or inability to breathe.