A Company Operating Multiple Retail Units Under Common Ownership and Usually

question 79

Multiple Choice

A company operating multiple retail units under common ownership and usually has centralized decision making for defining and implementing its strategy is called a:

• A) franchise
• B) single-store establishment
• C) retail chain
• D) wholesale-sponsored voluntary cooperative group
• E) full-line discount stores

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Definitions:

Ethnocentrism

The conviction that one's own cultural or ethnic group is superior to others, frequently paired with a broad contempt for different cultures.

Informal Channels

Communication paths that are not officially sanctioned by the organization, often based on personal relationships rather than organizational structure.

Overdue

Pertaining to a payment, obligation, or duty that has not been fulfilled by its due date.

Due Date

The specified day by which a task needs to be completed or a payment needs to be made.