There Are Three Variations of Contractual Systems: Retailer-Sponsored Cooperatives, Franchise

question 252

Multiple Choice

There are three variations of contractual systems: retailer-sponsored cooperatives, franchise systems, and _________.

• A)service-oriented voluntary chains
• B)channel-dominated voluntary chains
• C)distributorship cooperatives
• D)wholesaler-sponsored voluntary chains
• E)inverted-channel franchising

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Definitions:

The Reactor

A strategy used by organizations that only respond to environmental changes or pressures rather than anticipating them or actively seeking to influence them.

The Prospector

A type of strategic business model focused on innovation, exploring new markets, and seeking out new opportunities, often characterized by flexibility and a willingness to take risks.

Defender Strategy

a business strategy focused on maintaining current markets and customers, often by focusing on product improvement and maintaining a stable growth rate.

Entrepreneurial Employees

Refers to employees within an organization who possess an entrepreneurial mindset, often driving innovation, taking initiative, and contributing to the company's growth like internal entrepreneurs.