Which Form of Retail Outlet Would Most Likely Offer Customers

question 64

Multiple Choice

Which form of retail outlet would most likely offer customers convenience, quality personal service, and lifestyle compatibility?

• A) corporate chain
• B) independent retailer
• C) administered system
• D) contractual system
• E) sole incorporation

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Definitions:

ACP

Average Collection Period, indicating the average number of days it takes for a company to receive payments from its customers.

Credit Policy

A set of guidelines a company follows to determine credit terms for customers, including who is granted credit and the terms of payment.

Credit Sales

Transactions where goods or services are sold to a customer with the agreement that payment will be made at a later date.

Zero Balance Accounts

Bank accounts that maintain a balance of zero by automatically transferring funds to cover charges or replenishing from another account.