Which term describes off-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturers' price (e.g., Marshalls)?

Which term describes off-price stores that offer an assortment of brand-name merchandise at a significant discount off the manufacturers' price (e.g., Marshalls)?

• A. Closeout Stores
• B. Brick-and-Mortar
• C. Social
• D. Product Suggestions

Answer: (A)

Off-price retailers buy excess inventory, overstock, and closeouts from manufacturers and brand-name vendors, then sell those items at substantial discounts off the manufacturers’ suggested prices. That approach makes brand-name merchandise available at lower prices than traditional department stores, and Marshalls is a well-known example of this type of store. This term describes that discounting approach. The other options don’t fit because brick-and-mortar just means physical stores, not the discounting strategy; social isn’t about retail categories; and product suggestions relate to recommendations, not a type of store.

Off-price retailers buy excess inventory, overstock, and closeouts from manufacturers and brand-name vendors, then sell those items at substantial discounts off the manufacturers’ suggested prices. That approach makes brand-name merchandise available at lower prices than traditional department stores, and Marshalls is a well-known example of this type of store.

This term describes that discounting approach. The other options don’t fit because brick-and-mortar just means physical stores, not the discounting strategy; social isn’t about retail categories; and product suggestions relate to recommendations, not a type of store.