Costco Wholesale Corporation opened its first Australian outlet in Melbourne's Docklands in 2009 and now has outlets in Canberra and Sydney. Costco's business model is to offer deep discounts and a wide product assortment which customers can purchase in bulk. Costco's approach to retailing is that members of the public are only entitled to shop at Costco outlets after paying a $60 annual subscription fee. Costco would be BEST described as a(n) :
A) off- price store.
B) wholesale club.
C) hypermarket.
D) speciality store.
E) discount store.
Correct Answer:
Verified
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