Regarding supermarkets, which of the following statements is true?
A. Supermarket net profits after taxes usually are about 1 to 2 percent of sales or less.
B. It's best to think of supermarkets as "conventional retailers."
C. The early supermarkets were based on the premise that consumers would pay more for better selection and service.
D. Worldwide, supermarkets make up the majority of food stores.
E. All these answers are correct.
Answer: A
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