What Does Centralization Mean for Retailers

question 40

Multiple Choice

What does centralization mean for retailers?

• A) The authority for decisions is delegated to corporate managers
• B) All buying decisions are made regionally to best satisfy the customer
• C) The location of corporate headquarters is located in the central part of the country
• D) The authority for decisions is made at the nearest central office
• E) Cash wraps are to be located centrally throughout the store

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Definitions:

Technological Advances

Innovations and improvements in technology that enhance productivity, efficiency, or quality.

Capital-Using

Pertaining to processes or technologies that involve an increase in the amount of capital used per unit of output.

Net Investment

The total amount spent on new capital assets minus the depreciation of existing assets, reflecting the actual increase in an entity's capital stock.

Vicious Circle Of Poverty

A problem common in some developing countries in which their low per capita incomes are an obstacle to realizing the levels of savings and investment needed to achieve rates of growth of output that exceed their rates of population growth.