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Updated on: 02 Feb 2024, 00:17
Originally posted by Sajjad1994 on 02 Jun 2021, 21:00.
Last edited by BottomJee on 02 Feb 2024, 00:17, edited 2 times in total.
Last edited by BottomJee on 02 Feb 2024, 00:17, edited 2 times in total.
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Of the retail sectors shown in the table, the percentage decline in overall sales between 2008 and 2009 was greater for the sector with the greatest 2008 total sales than for the sector with the least 2008 total sales.: True
General merchandise stores saw their e-commerce sales rise as a percentage of their overall sales between 2008 and 2009.: True
More than 50 percent of the increased sales from 2008 to 2009 for electronic shopping and mail-order houses was due to a rise in e-commerce sales.: True
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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46% (03:38) correct
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The table shows total sales and e-commerce sales, in millions of dollars, for U.S. retailers in a number of retail sectors in 2008 and 2009.
Consider each of the following statements. For each statement, indicate whether the statement is "True" or "False," based on the information provided in the table.
(Sort ↕ the table by clicking on the headers)
| 2009 Sales (in millions of US dollars) | 2009 Sales (in millions of US dollars) | 2008 Sales (in millions of US dollars) | 2008 Sales (in millions of US dollars) | |
| Retail Sector | Total | E-commerce | Total | E-commerce |
|---|---|---|---|---|
| Building materials and garden equipment and supplies stores | 268206 | 477 | 305085 | 575 |
| Clothing and clothing accessories stores | 204866 | 2965 | 216087 | 2547 |
| Electronic shopping and mail-order houses | 234667 | 112791 | 228545 | 108404 |
| Electronics and appliance stores | 98384 | 1140 | 108869 | 1120 |
| Food and beverage stores | 570581 | 883 | 571245 | 866 |
| General merchandise stores | 592009 | 220 | 596541 | 165 |
| Health and personal care stores | 253243 | 177 | 246976 | 160 |
| Miscellaneous store retailers | 105366 | 2360 | 113170 | 2347 |
| Motor vehicles and parts dealers | 676801 | 17201 | 788688 | 19337 |
| Nonstore retailers | 312470 | 116543 | 319567 | 112035 |
| Sporting goods, hobby, book, and music stores | 81373 | 1865 | 84323 | 1803 |
| Total Retail Trade | 3638471 | 145214 | 3952933 | 142281 |
Consider each of the following statements. For each statement, indicate whether the statement is "True" or "False," based on the information provided in the table.
| True | False | |
| Of the retail sectors shown in the table, the percentage decline in overall sales between 2008 and 2009 was greater for the sector with the greatest 2008 total sales than for the sector with the least 2008 total sales. | ||
| General merchandise stores saw their e-commerce sales rise as a percentage of their overall sales between 2008 and 2009. | ||
| More than 50 percent of the increased sales from 2008 to 2009 for electronic shopping and mail-order houses was due to a rise in e-commerce sales. |
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Official Answer
Of the retail sectors shown in the table, the percentage decline in overall sales between 2008 and 2009 was greater for the sector with the greatest 2008 total sales than for the sector with the least 2008 total sales.: True
General merchandise stores saw their e-commerce sales rise as a percentage of their overall sales between 2008 and 2009.: True
More than 50 percent of the increased sales from 2008 to 2009 for electronic shopping and mail-order houses was due to a rise in e-commerce sales.: True
04 Jun 2021, 09:23
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Official Explanation
General merchandise stores saw their e-commerce sales rise as a percentage of their overall sales between 2008 and 2009.
To find the e-commerce sales for general merchandise stores, we look at the e-commerce columns for both 2008 and 2009 and see that the total increased from $165 million to $220 million. During the same period, the total sales columns for 2008 and 2009 show us that overall sales fell from about $597 billion to about $592 billion. Since e-commerce increased while total sales fell, e-commerce must have accounted for a rising percentage of overall sales in this sector.
The statement is True.
General merchandise stores saw their e-commerce sales rise as a percentage of their overall sales between 2008 and 2009.
To find the e-commerce sales for general merchandise stores, we look at the e-commerce columns for both 2008 and 2009 and see that the total increased from $165 million to $220 million. During the same period, the total sales columns for 2008 and 2009 show us that overall sales fell from about $597 billion to about $592 billion. Since e-commerce increased while total sales fell, e-commerce must have accounted for a rising percentage of overall sales in this sector.
The statement is True.
22 Jul 2024, 00:01
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Sajjad1994 - the explanation for part 2 of the above question is not clear.
What do we mean by A rise as a percentage of B? Can you please provide clarity? Thanks
What do we mean by A rise as a percentage of B? Can you please provide clarity? Thanks
