A ________ Is a Retail Firm Owned by Its Customers

question 88

Multiple Choice

A ________ is a retail firm owned by its customers. Members contribute money to open their own store, vote on its policies, elect a group to manage it, and receive dividends.

• A) retailer cooperative
• B) voluntary chain
• C) merchandising conglomerate
• D) franchise organization
• E) consumer cooperative

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Definitions:

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

GNI

Gross National Income, the total domestic and foreign output claimed by residents of a country, including wages, salaries, and investment income, less equivalent payments to non-residents.

United States

A North American nation, renowned for its considerable global impact on economic, political, and cultural affairs.

Developing Countries

Nations with lower levels of industrialization, underdeveloped economic infrastructure, and lower living standards.