Discount department stores are typically classified as high-margin,high-turnover retailers.

Question

Quizplus · Accepted Answer

Discount department stores are actually classified as low-margin, high-turnover retailers, which means they earn lower profit margins on each product sold but make up for it by selling a large volume of products. This business model allows them to offer lower prices to customers than traditional high-margin retailers.

Discount Department Stores Are Typically Classified as High-Margin,high-Turnover Retailers