One way to assess the importance of retailing to the U.S.and global economies is to measure the
A)price asked for any one item.
B)cost of goods sold.
C)net return on capital.
D)annual sales of retailers.
E)progress towards eliminating of global boundaries.

Question

Quizplus · Accepted Answer

Annual sales of retailers is the best choice because it directly reflects the level of economic activity generated by the retail industry. Retail sales make up a significant portion of the U.S. economy, accounting for over 5% of the country's GDP. Globally, retail is also a major economic driver, with retail sales estimated to surpass $25 trillion in 2021.

One Way to Assess the Importance of Retailing to the U.S.and