Most single-line and limited-line stores apply the retailing philosophy of buying low and selling high.

Question

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This is a common retailing philosophy where stores aim to purchase products at a low cost and then sell them for a higher price to make a profit. However, some stores may also use other retailing philosophies such as offering high-quality products or providing exceptional customer service to attract customers, but buying low and selling high is a common practice.

Most Single-Line and Limited-Line Stores Apply the Retailing Philosophy of Buying