Which of the following statements about off-price retailers is True?
A) Factory outlets are a special type of off-price retailer.
B) Off-price retailers typically offer few customer services.
C) Off-price retailers feature narrow, but deep product assortments.
D) To the extent possible, off-price retailers focus on well-known producers' brands.
E) All of the above statements about off-price retailers are True.

Question

Quizplus · Accepted Answer

All the statements provided accurately describe characteristics of off-price retailers. Factory outlets are indeed a type of off-price retailer, offering products from one manufacturer often at lower prices. Off-price retailers generally offer limited customer services to keep costs low. They also tend to have narrow but deep assortments, focusing on specific categories of merchandise. Furthermore, they often focus on well-known brands, offering them at reduced prices.

Which of the Following Statements About Off-Price Retailers Is True