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

Quizplus · Accepted Answer

Services like hotels, banks, airlines, restaurants, colleges, and hospitals can be retailed. This is because retailing involves the sale of goods and services to end consumers for consumption or personal use. These services can be sold in retail outlets, just like physical goods.

The other options are incorrect:

A) All retail stores are not full-service retail stores. There are different types of retail stores, including self-service and limited-service retail stores.

B) A department store has a wide product line with a deep assortment, not a narrow product line.

C) The largest type of retail outlet is not a supermarket. The largest type of retail outlet is a hypermarket, which combines a supermarket and a discount store.

E) The use of the everyday low pricing strategy is not a feature common to all types of retail stores. Some retailers use other pricing strategies such as high-low, value pricing, or penetration pricing.

Which of the Following Statements Is True of Retailing