You and your best friend are considering opening a retail store. You have identified your target market and location. Now you must decide on the format. You are pressing for a store that offers leftover goods, overruns and irregular merchandise sold at less than full retail. This is a description of a(n) ________ retailer.

Question

Quizplus · Accepted Answer

The description of offering leftover goods, overruns, and irregular merchandise sold at less than full retail fits the definition of an off-price retailer. This format differs from a discount store, which typically offers new and current merchandise at lower prices. Superstores, self-service, and limited service are not specific enough to describe the format being proposed.

You and Your Best Friend Are Considering Opening a Retail