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Figure 7-3
-Refer to Figure 7-3.Which area represents the increase in consumer surplus when the price falls from P1 to P2?
Food Retailers
Businesses that sell food directly to consumers, including supermarkets, grocery stores, and specialty food shops.
General Merchandise Retailers
Retail stores that sell a wide variety of products across different categories, often including clothing, home goods, and food items.
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.
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