Which of the Following Is the Reason Why Global Retailers

question 13

Multiple Choice

Which of the following is the reason why global retailers like IKEA, Costco, Sears Roebuck, and Walmart are becoming major domestic middlemen for international markets?

• A) They maintain their core marketing approaches while localizing the array of products, promotions, and other peripheral aspects of their operations.
• B) They work under the names of the manufacturers and function as low-cost, independent marketing departments with direct responsibility to the parent firms.
• C) They have minimum investment costs as they do not commit to investing in company personnel.
• D) They serve as the producer's export department but have a short-term relationship, cover only one or two markets, and operate on a straight commission basis.
• E) They offer reduction of export costs, demand expansion through promotion, trade barrier reduction, and improvement of trade terms through bilateral bargaining.

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Definitions:

Fee Simple

The most extensive interest in real property available in law, allowing the owner absolute ownership, including the rights to sell, lease, or bequeath the property.

Life Estate

A legal interest in real property that lasts for the lifetime of a specific individual, after which the property reverts to another party.

Fixture

An item of property that is attached to a structure or land in such a way that it is considered a permanent part of the site.

Registry System

A system of recording information and transactions, often related to property ownership, to provide legal evidence and ensure public access.