The Development and Opening of a Store That Sell Nothing

question 15

Multiple Choice

The development and opening of a store that sell nothing but materials used in creating scrapbooks is an example of:

• A) repositioning
• B) specialty retailing
• C) electronic point of sale
• D) store location modeling
• E) consumer density

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Definitions:

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Step-down Method

A cost allocation method used to allocate overhead costs to departments or products, moving sequentially from departments with the highest overhead costs to those with the least.

Service Department

A service department is a unit within an organization that provides support services to other departments, rather than directly contributing to revenue.

Operating Department

A department in which the central purposes of the organization are carried out.