Which of the Following Is Usually a Retailer's Largest Expense

question 45

Multiple Choice

Which of the following is usually a retailer's largest expense?

• A) Rent expenses
• B) Selling expenses
• C) Cost of sales
• D) Administration expenses

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Definitions:

Subsidies

Subsidies are financial contributions provided by the government to encourage the production or consumption of a good or service, often to support industries that are considered vital for the national economy.

Incentives

Rewards or penalties that motivate individuals to take specific actions.

Sweden

A Scandinavian country known for its high standard of living, strong welfare state, and active role in international peace and security.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often justifying government intervention.