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Questions and Answers
True or false: Black Friday is the busiest shopping day of the year since 2005.
True or false: Black Friday is the busiest shopping day of the year since 2005.
True (A)
True or false: Stores open their doors in the early morning hours on Black Friday.
True or false: Stores open their doors in the early morning hours on Black Friday.
True (A)
True or false: Stores may lose money on some items on Black Friday.
True or false: Stores may lose money on some items on Black Friday.
True (A)
True or false: Black Friday is a time when stores have an abundance of low-priced items.
True or false: Black Friday is a time when stores have an abundance of low-priced items.
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True or false: People may stand in long lines to get great deals on Black Friday.
True or false: People may stand in long lines to get great deals on Black Friday.
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Study Notes
Black Friday Shopping
- Black Friday is indeed the busiest shopping day of the year since 2005, indicating its significance in the retail industry.
- Stores typically open their doors early in the morning on Black Friday to accommodate eager shoppers seeking deals.
- Despite the emphasis on discounts, stores may actually lose money on some items on Black Friday, suggesting that the goal is to drive sales volume rather than maximize profit margins.
- Black Friday is characterized by an abundance of low-priced items, making it an attractive time for bargain hunters.
- The popularity of Black Friday deals often results in people standing in long lines, demonstrating the willingness of consumers to wait for desirable products at discounted prices.
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