Which of the Following Is True of Retail Cooperative Organizations

question 75

Multiple Choice

Which of the following is true of retail cooperative organizations?

• A) They involve a parent company and an independent firm entering into a contractual relationship to set up and operate a business in a particular way.
• B) They involve a group of independent retailers uniting and agreeing to pool buying and managerial resources to improve competitive position.
• C) They involve a wholesaler contracting with a number of retailers performing channel functions for it.
• D) They involve a high degree of interorganizational planning and management and depend on the presence of a channel leader.

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Definitions:

Standard Hours

The predetermined amount of time expected to complete a task or to produce a unit of output under normal conditions.

Standard Variable Overhead Rate

The predetermined rate at which variable overhead costs are expected to be incurred relative to a certain measure of activity, such as labor hours.

Direct Labour Hours

Direct Labour Hours represent the amount of time spent by workers directly involved in manufacturing a product or providing a service.