Convenience (food) stores
A. average 60,000 square feet in size.
B. offer greater width of assortment but less depth than most supermarkets.
C. have no competitors.
D. try to earn better profits by high margins on a narrow assortment that turns over quickly.
E. charge about the same prices as nearby supermarkets.
Answer: D
You might also like to view...
Net profit ratio equals operating income divided by net sales
Indicate whether the statement is true or false
On December 31, Strike Company has decided to discard one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The following will be included in the entry to record the disposal
A) Accumulated Depreciation Dr. $215,000 B) Loss on Disposal of Asset $185,000 C) Equipment Cr. $215,000 D) Gain on Disposal of Asset $30,000
Developing a set of specific qualitative and quantitative screening criteria can help a manager define in which business and markets the firm wants to compete.
Answer the following statement true (T) or false (F)
Which of the following is true of marketing intermediaries and collaborators?
A. Their services allow producers to spend more time for on production. B. Their services provide consumers with less time for consumption. C. The marketing functions they serve come at a higher cost-because of specialization, economies of scale, or e-commerce. D. They typically perform marketing functions less effectively than producers or consumers can perform them.