Which statement describes department stores such as Macy$$s and Kohl$$s$?$

Which statement describes department stores such as Macy$$s and Kohl$$s$?$

All departments$$such as shoes, children's clothing, electronics, housewares, etc.$$operate collectively as a single profit center, but policies about pricing and the types of merchandise carried are set at the individual departmental level.

All departments$$such as shoes, children's clothing, electronics, housewares, etc.$$operate collectively as a single profit center, and the central management sets policies about pricing and the types of merchandise carried.

Each department acts as a separate profit center, setting its own policies about pricing and the types of merchandise carried.

Each department acts as a separate profit center, but the central management sets policies about pricing and the types of merchandise carried.