A ________ Is a Storeless Retailer Serving a Specific Clientele-Usually

question 97

Multiple Choice

A ________ is a storeless retailer serving a specific clientele-usually employees of large organizations-who are authorized to buy from a list of retailers that have agreed to give discounts in return for inclusion on the list.

• A) direct-selling vendor
• B) direct marketing vendor
• C) buying service
• D) automatic vendor
• E) corporate retailer

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Definitions:

Herfindahl Index

The Herfindahl Index is a measure of market concentration, calculated by summing the squares of the market shares of all firms in the industry.

Clayton Act

A U.S. antitrust law passed in 1914, aimed at promoting competition and preventing monopolies by prohibiting certain actions that could lead to anti-competitive practices.

Antitrust Authorities

Governmental bodies responsible for enforcing laws that promote competition and regulate against monopolistic and unfair business practices.

Conglomerate Merger

A type of merger where two or more companies in unrelated business sectors combine.