In a period of rising costs, the first-in, first-out (FIFO) method results in lower cost of goods sold and higher gross profit than the last-in, first-out (LIFO) method

Adding more marketing channels increases the channel cost of selling

Indicate whether the statement is true or false

Which of the following is an impact of the Great Recession on retailing trends?

A) economic shift toward higher prices B) lower costs for retailers C) tighter consumer spending patterns D) longer retail life cycles E) prohibition on new retail forms