Retailing's economic value is represented by the people employed in retailing as well as by

Question

Quizplus · Accepted Answer

Annual sales of retailers represent the economic value of retailing, as it is a measure of the amount of money flowing through the retail sector. This includes the income that is generated for the people employed in retailing, as well as the profits for the retailers themselves. The other options, such as price, cost of goods sold, net return on capital, and elimination of global boundaries, are all factors that can impact the economic value of retailing, but they do not directly represent it.

Retailing's Economic Value Is Represented by the People Employed in Retailing