Some companies use search agents to monitor the net for inaccurate or inappropriate information about their firm.
Indicate whether the statement is true or false
Question 2A retailer must consider the impact of a customer's travel costs when determining what price a customer will pay for merchandise.
Indicate whether the statement is true or false
Question 3The spine layout is heavily used by medium-sized specialty stores.
Indicate whether the statement is true or false
Question 4The disposable income minus the money needed for necessities to sustain life, such as minimal housing, minimal food, and minimal clothing is:
a. discretionary income.
b. comprehensive income.
c. aggregate income.
d. passive income.
e. basic income.
Question 5Retailers are the only channel members responsible for insuring product safety and reporting unsafe products.
Indicate whether the statement is true or false
Question 6Beyond basic data about loan and payment history, little personal information may be legally contained in credit reports.
Indicate whether the statement is true or false
Question 7The retailer's controllable element of price can be either the cost of goods sold or the gross margin that is added to the cost.
Indicate whether the statement is true or false
Question 8The major benefit of the free flow layout is that it exposes shoppers to the greatest possible amount of merchandise.
Indicate whether the statement is true or false
Question 9Disposable income is:
a. all personal income after taxes and retirement savings.
b. all personal income after savings.
c. all personal income minus the money needed for necessities food, clothing, housing, etc.
d. all personal income after taxes minus the money needed for necessities.
e. all personal income after taxes.
Question 10Because retailers usually do not produce the goods they offer for sale, they are not responsible for the safety of these products.
Indicate whether the statement is true or false
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