Which of the Following Is True of Single-Store Retailers

question 29

Multiple Choice

Which of the following is true of single-store retailers?

• A) They do not have direct contact with their customers.
• B) They are not bound by the bureaucracies inherent in large retail organizations.
• C) They are totally independent of their owner-managers' capabilities to make any retail decision.
• D) They must join a wholesale-sponsored voluntary competitive group to compete against corporate chains.
• E) They are very rigid and lack quick adaptability to market changes and customer needs.

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Definitions:

Lessor

The group that provides a property or asset for lease to another group, identified as the lessee.

Nonrecourse Basis

Nonrecourse Basis refers to a type of financing or lending where the borrower is not personally liable beyond the collateral for the loan.

Lessor

The party in a lease agreement who owns the leased asset and grants the lessee the right to use the asset in return for periodic payments.

Lessee

An entity or individual that leases an asset from another, the lessor, under the terms of a lease agreement.