You Own a Small Independent Retail Store in Your Neighborhood

question 131

Multiple Choice

You own a small independent retail store in your neighborhood. You want to offer fresh seafood, milk, and bread in your store. In this case, which of the following types of wholesalers will serve you the best?

• A) truck jobber
• B) independent distributor
• C) drop shipper
• D) mail-order wholesaler
• E) manufacturers' agent

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Definitions:

External Shocks

Events outside the economic system that can cause sudden and significant changes within an economy, such as natural disasters or geopolitical events.

Last Recession

Describes the most recent period of significant decline in economic activity across the economy, lasting more than a few months.

Winter 1989-90

A specific time period referring to the winter months of December 1989, January 1990, and February 1990, often notable for its weather or events occurring then.

Stagflation

A period of either recession or stagnation accompanied by inflation.