Which Management Format Best Assures a Low-Cost Provider Retail Strategy

question 49

Multiple Choice

Which management format best assures a low-cost provider retail strategy on the basis of quantity discounts,buyer negotiating ability,and the ability to easily switch merchandise among store units?

• A) centralized structure
• B) decentralized structure
• C) professional manager system
• D) owner-manager system

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Definitions:

Loss

A financial condition where expenses exceed revenues, leading to a negative profit.

Rule of Law

The principle that all individuals, entities, and government are accountable to laws that are publicly promulgated, equally enforced, and independently adjudicated.

Confiscated

Property that has been taken away from its owner by a governmental authority as a penalty or for regulatory reasons.

Transactional Risks

The potential for financial loss that a company faces when engaging in business transactions, especially in foreign markets.