Centralized buying enables chain retailers to receive quantity discounts, greater bargaining power, and better fit with local market needs

A scale that describes the respondent's intention to buy a particular product is called a rating scale

Indicate whether the statement is true or false

The major difference between gross and net profit is that net profit _____

a. includes transportation charges b. uses a cost complement calculation c. is based on LIFO, while gross profit is based on FIFO d. deducts retail operating expenses