What Results When the Retail Sector Is Very Concentrated

question 89

Multiple Choice

What results when the retail sector is very concentrated?

• A) It is more expensive for a firm to make contact with each individual retailer.
• B) It makes sense for a firm to deal directly with retailers, cutting out wholesalers.
• C) A relatively large sales force is required to deal with the retail sector.
• D) The channels of distribution tend to be long.
• E) The growth of wholesalers is promoted.

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Definitions:

Private Carriers

Refers to transportation service providers that operate only for the transportation of their own goods and products, as opposed to being hired by the general public.

Government License

An official permission granted by the government allowing individuals or entities to engage in certain activities or professions.

Artisan Lien

An Artisan Lien is a legal claim or right granted to craftsmen or laborers on the property they have improved or constructed as security for payment owed to them.

Improver

In legal terms, a person who enhances the value of property (not their own) through labor or new additions.