The idea that new types of retailers begin as low-status, low-margin, low-price operators and then-if successful-evolve into more conventional retailers offering more services is called the

A. scrambled merchandising concept.
B. wheel of retailing theory.
C. pyramid concept.
D. superstore concept.
E. mass-merchandising concept.


Answer: B

Business

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Warren Company began the accounting period with a $32,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $88,000. The accounts receivable account at the end of the accounting period contained a $16,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period?

A. $72,000 B. $104,000 C. $84,000 D. $40,000

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Journalize the following transaction for a merchandiser that uses the perpetual inventory system

Received returned goods from a customer, $1,000 (cost, $740 ). What will be an ideal response

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Stock A has a beta (?) equal to 2.1 and Stock B has a beta equal to 0.7. Based on this information, according to the capital asset pricing model (CAPM), which of the following statements is correct?

A. ?The required rate of return for Stock A, rA, should be 2.1 times the required rate of return for Stock B, rB. B. ?The risk premium associated with Stock A, RPA, should be 2.1 times the risk premium associated with Stock B, RPB. C. ?The required rate of return for Stock A, rA, should be three times the required rate of return for Stock B, rB. D. ?The risk premium associated with Stock A, RPA, should be three times the risk premium associated with Stock B, RPB. E. ?The required rate of return for Stock A, rA, should be three times the risk premium associated with Stock A, RPA

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