Retailing's economic value is represented by __________ as well as by the total amount of money exchanged in retail sales.
A)the price asked for any one item for sale
B)the elimination of global boundaries
C)the people employed in retailing
D)the net return on capital
E)the cost of goods sold

Question

Quizplus · Accepted Answer

The economic value of retailing is represented by the people employed in the industry, as they contribute to the labor market and the overall economy. The total amount of money exchanged in retail sales is important, but it does not represent the full economic value of the industry. The price asked for any one item for sale, net return on capital, and cost of goods sold are all financial metrics related to individual sales or profits, which are not indicative of the broader economic impact of retailing. The elimination of global boundaries is not directly related to the economic value of retailing.

Retailing's Economic Value Is Represented by __________ as Well as by the Total