Which Type of Retail Ownership Is Owned and Operated by an Individual

question 22

Multiple Choice

Which type of retail ownership is owned and operated by an individual but is licensed by a larger supporting organization?

• A) Independent retailer
• B) Chain store
• C) Franchise
• D) Cooperative
• E) Secondary retailer

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Definitions:

Allocating

The process of assigning costs or resources among various projects, departments, or segments.

Predetermined

Established in advance or determined beforehand.

Lump-Sum Amounts

Single payments made for a group of items or services rather than individual transactions.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent and salaries.