There Are Three General Forms of Retail Ownership: Contractual System

question 300

Multiple Choice

There are three general forms of retail ownership: contractual system, individual, and _________.

• A)industry consortiums
• B)non-binding cooperative
• C)multi-national cartel
• D)dual ownership
• E)corporate chain

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Definitions:

Fertilizer

Materials, either natural or synthetic, applied to soils or directly to plants, to supply nutrients essential for growth.

Bushels

A unit of volume that is used primarily in the United States for quantifying the volume of agricultural commodities like grains.

Profit

The income earned when the total revenue from business activities is higher than the combined expenses, costs, and taxes necessary for those activities.

Proportions

The relationship between parts and a whole in terms of size, quantity, or degree.