A Retailer Is

question 131

Multiple Choice

A retailer is

• A) an intermediary that sells only to other intermediaries.
• B) any intermediary between a manufacturer and industrial markets.
• C) an intermediary that sells to other distributors.
• D) an intermediary that takes possession of a product, alters it in some way, and then sells it to the ultimate consumer.
• E) an intermediary that sells to consumers.

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Definitions:

Individualism-collectivism

A dimension of cultural variation that contrasts the emphasis on personal achievements and rights (individualism) with the focus on group goals and interdependence (collectivism).

Comparative Management

The study of how management practices differ among countries and cultures.

Time Orientation

The degree to which a society emphasizes short-term or long-term goals.

Hofstede's Framework

A model that identifies and analyzes six dimensions of national culture that affect people's work-related values and behavior.