A _____ Retail System Is One in Which There Are

question 115

Multiple Choice

A _____ retail system is one in which there are many retailers,no one of which has a major share of the market.

• A)concentrated
• B)fragmented
• C)focused
• D)consolidated

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Definitions:

Preference Development

The process by which consumers or clients develop a liking or preference for certain products or brands over others.

Postpurchase Behavior

Consumer actions and reactions after the purchase of a product or service, including satisfaction, dissatisfaction, and product usage and disposal behaviors.

Satisfaction

The feeling of fulfillment or pleasure derived from meeting one's expectations, needs, or desires, often related to a product, service, or experience.

Expectations

Beliefs about the future, often involving how people think things should be or how they are likely to occur.