Compare and contrast supermarkets and convenience stores. Name several characteristics of each store in your answer.
What will be an ideal response?
A supermarket is a large, departmentalized, self-service retailer that specializes in wide assortments of foodstuffs and a few nonfood items. Prices are moderate, profit margins are slim. Supermarkets seek to meet consumer demands by providing larger, one-stop stores (all the way up to the giant superstores) and scrambled merchandising.
Convenience stores are like miniature supermarkets. They carry only a limited line of high-turnover convenience goods. Convenience stores offer convenient locations, long hours, and fast service. Prices are usually higher, and gross margins are moderately high. Most convenience stores are self-service organizations. Many also practice scrambled merchandising to compete with full-service gas stations.
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a. encode; decode b. decode; encode c. encrypt; decrypt d. decrypt; encrypt
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Indicate whether the statement is true or false
Which of the following actions will decrease Retained Earnings?
A) repayment of bond principal B) stock split C) stock dividend declared D) purchase of treasury stock