The Three Basic Types of Contractual Systems Are

question 282

Multiple Choice

The three basic types of contractual systems are

• A) retailer-sponsored cooperatives, wholesaler-sponsored voluntary chains, and franchises.
• B) dual ownership agreements, industry consortiums, and nonbinding cooperatives.
• C) wholesaler-sponsored voluntary chains, nonbinding cooperatives, and franchises.
• D) dual ownership agreements, industry consortiums, and multinational cartels.
• E) nonbinding, binding, and in perpetuity.

---

Definitions:

Beneficence

Always striving to do what is good and acting in the best interest of your client.

Best Interests

A principle used to guide decisions made on behalf of others, ensuring that the outcomes serve the individual's overall welfare and benefits.

Ethical Decision Making Model

A structured approach to solving ethical dilemmas, often involving the consideration of moral principles, stakeholder impacts, and possible outcomes.

Sequential Approach

A methodical process that involves following a specific order or sequence of steps to achieve a goal.