Which of the following statements is correct?
a. Operating costs per sales dollar are usually lower for larger retailers than they are for small retailers.
b. Larger retail firms generally have higher operating costs per sales dollar.
c. Retailers cannot be classified by number of stores.
d. Retailers are rarely classified by sales volume.
e. The operating performance of retailers has no relationship to retailers' size.
Question 2
The break-even point is where total revenues equal total expenses.
Indicate whether the statement is true or false
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