The major difference between an off-price retailer and a discount store is that off-price retailers purchase merchandise from manufacturers ________ and discount stores buy from wholesalers ________.
A. at below wholesale prices; and charge a high initial price with the full intent of taking markdowns later
B. at various price points; at the lowest price points possible
C. at below wholesale prices; at full price but take a less of a markup
D. who are trying to offload returned or slightly irregular inventory; selling new but inexpensive merchandise
E. who are part of a retailing cooperative; who are part of a wholesaling cooperative
Answer: C
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A. at the time the loss occurs. B. at the time the policy was issued. C. throughout the term of the policy. D. before the loss occurs.
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a. possibility of alienating customers who dislike change b. additional cost to train customer contact employees c. decrease in labor costs d. decrease opportunity for service failure
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