When traveling in Alberta, Jack Meyers passes a variety of retail outlets, including the world-famous West Edmonton Mall in Edmonton. However, Jack rarely stops to shop until he reaches a group of factory outlet stores located on the outskirts of Edmonton. Here, Meyers can shop at the Levi's Factory Store, the Van Heusen Factory Store, the Bass Shoe Outlet, and other clothing stores offering products at prices 25-30 percent below retail. The factory stores at which Meyers shops are engaged in ________ retailing.
A)off-price
B)factory-pric e
C)power-store
D)cut-price

Question

Quizplus · Accepted Answer

The given scenario describes off-price retailing, where products are sold at a discount compared to their retail prices. The factory outlet stores mentioned in the passage offer products at prices 25-30% below retail, which falls under the definition of off-price retailing. The other options, factory-price, power-store, and cut-price are not suitable since they do not accurately describe the type of retailing taking place in the given scenario.

When Traveling in Alberta, Jack Meyers Passes a Variety of Retail