Around the World, Most Merchandisers Operate One or a Few

question 53

Multiple Choice

Around the world, most merchandisers operate one or a few stores in their community, owned by a single person or partnership and not operated as part of a larger retail institution. What are these operators called?

• A)independent retailers
• B)chain stores
• C)franchise outlets
• D)specialty clubs

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Definitions:

Tradable Property

Assets that can be easily bought, sold, or traded on various markets.

Suggestive Mark

A type of trademark that suggests rather than describes a characteristic of the goods or services to which it is attached, requiring consumer imagination to discern the nature.

Imagination

The ability of the mind to be creative or resourceful, often referred to in contexts beyond legal or technical definitions.

Goods

Goods are tangible items that are manufactured or produced for sale or use, including consumer products, machinery, food items, and more.