Retailing's Economic Impact Is Represented by the __________

question 70

Multiple Choice

Retailing's economic impact is represented by the __________.

• A)the price asked for any one item for sale
• B)the cost of goods sold
• C)the people employed in retailing
• D)the net return on capital
• E)the elimination of global boundaries

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Definitions:

Productivity

A measure of efficiency that shows the amount of output produced per unit of input.

Liquidity

The ability of an asset to be quickly converted into cash without significant loss in value, or a company's ability to meet its short-term obligations.

IFRS

International Financial Reporting Standards, a set of accounting guidelines providing a global framework for financial statements.

Commercial and Tax Law Approach

Pertains to the legal frameworks and interpretations that govern the conduct of businesses and the calculation of taxes.