Which of the Following Statements About Retail Systems Is True

question 111

Multiple Choice

Which of the following statements about retail systems is true?

• A) One factor contributing to greater retail concentration is an increase in car ownership.
• B) The number of households with refrigerators leads to lesser retail concentration in developed countries.
• C) There is a tendency for greater retail concentration in many developing countries.
• D) Retail systems are very fragmented in developed countries.

---

Definitions:

Corporate Owners

Individuals or entities that legally own shares of stock in a corporation, thus holding ownership interests in the company.

Corporate Managers

Individuals responsible for making strategic and operational decisions in a company, aiming to achieve organizational objectives.

Principals

Individuals or entities who authorize agents to act on their behalf in various transactions or decisions.

Information Problems

Issues arising from asymmetrical information between buyers and sellers, where one party has more or better information than the other, leading to suboptimal market outcomes.