The two characteristics associated with warehouse clubs are:
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Competitive prices: Warehouse clubs typically offer lower prices on bulk items, which is one of the main attractions for consumers.
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Smaller-size stores: This characteristic is generally not associated with warehouse clubs. Instead, warehouse clubs tend to be larger in size compared to traditional retail stores, featuring a wide range of products in bulk.
To clarify, "more service" is also not a typical characteristic of warehouse clubs, as they often operate with a self-service model to keep costs down.