Which of the following statements is true of retailing? A) All retail stores are full-service retail stores. B) A department store has a narrow product line with a deep assortment. C) The largest type of retail outlet is a supermarket. D) Services like hotels, banks, airlines, restaurants, colleges, and hospitals can be retailed. E) A feature common to all types of retail stores is the use of the everyday low pricing strategy.

Question

Jean Mosley

Business

2 September, 05:43

Which of the following statements is true of retailing? A) All retail stores are full-service retail stores. B) A department store has a narrow product line with a deep assortment. C) The largest type of retail outlet is a supermarket. D) Services like hotels, banks, airlines, restaurants, colleges, and hospitals can be retailed. E) A feature common to all types of retail stores is the use of the everyday low pricing strategy.

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Answers (1)

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Cecelia Roy · Answer 1

The correct answer is letter "D": Services like hotels, banks, airlines, restaurants, colleges, and hospitals can be retailed.

Explanation:

Retailing refers to the activity of selling large quantities of goods to as many consumers as possible usually in units or small amounts. Wal-Mart, Costco, Kroger, and Home Depot are examples of retailers. Services can be also retailed. In an attempt to boost sales, hotels and airlines tend to sell stays or flight tickets in large quantities to agencies for them later to resell them to individuals. Hospitals offer check-ups or colleges offer courses to entities that, in the same way, profit by selling them per unit.