A Fidelity Bond Is An)

question 5

Multiple Choice

A fidelity bond is an) :

• A)contract prohibiting former employees from working for a competitor.
• B)insurance policy that reimburses a company for employee theft.
• C)employment contract for a specified period of time.
• D)promise by a company to safeguard customers' personal information.

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Definitions:

Exclusive Distribution

A distribution strategy where a supplier grants the rights to sell its products to only one retailer or a select few within a particular territory.

Selective Distribution

A marketing strategy where products are sold at a limited number of outlets, targeting specific channels or geographic areas.

Specialty Stores

Retail businesses that focus on specific product categories, offering a deep assortment in those categories.

Department Stores

Large retail establishments that offer a wide range of products across different categories under one roof.