In Retailing, a Form of Ownership That Involves Multiple Outlets

question 190

Multiple Choice

In retailing, a form of ownership that involves multiple outlets under common ownership is referred to as a(n)

• A)corporate chain.
• B)consumer cooperative.
• C)contractual system.
• D)independent retailer.
• E)administered system.

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Definitions:

Self-Interest

The motivation of individuals to pursue their own welfare and interests, often considered a fundamental economic driving force.

Market System

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, determining prices of goods and services.

Private Property

Lawful entitlements to own, utilize, and transfer property.

Market System

An economic system in which market forces, such as supply and demand, determine the production and distribution of goods and services.