Ace Hardware Is a National ________ That Allows Its Members

question 255

Multiple Choice

Ace Hardware is a national ________ that allows its members, retailers of paint and hardware products, to concentrate their buying power through wholesalers and plan collaborative promotional and pricing activities.

• A) service-sponsored retail system
• B) administered cooperative system
• C) retailer-sponsored cooperative
• D) manufacturer-sponsored cooperative
• E) wholesaler-sponsored voluntary chain

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Definitions:

Farm Subsidies

Financial aid and support provided by the government to farmers and agribusinesses to supplement their income and manage the supply of agricultural commodities.

Direct Payments

Payments made directly by the government to farmers, individuals, or businesses not requiring the provision of goods or services in return.

Countercyclical Payments

Government payments made to individuals or firms during times of economic downturns to offset decreases in demand and stabilize the economy.

Marketing Loans

Loans that allow farmers to borrow against the value of their stored crops, which acts as collateral, providing them with liquidity while they wait for favorable market conditions to sell.