There Are Three General Forms of Retail Ownership: Contractual System

question 65

Multiple Choice

There are three general forms of retail ownership: contractual system, corporate chain, and

• A)dual ownership.
• B)industry consortium.
• C)retailing cooperative.
• D)independent retailer.
• E)multinational cartel.

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Definitions:

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a named party.

Cost-Benefit

An analysis or approach that compares the costs of an action to its benefits to determine its feasibility or value.

Internal Controls

Procedures and mechanisms put in place by a company to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.

Benefits

Forms of non-wage compensation provided to employees in addition to their normal wages or salaries, like health insurance, pensions, and holidays.