Type of Contractual System Describes a Situation Where Assistance in Selecting

question 316

Multiple Choice

type of contractual system describes a situation where assistance in selecting the location,setting up the store or facility,advertising,and training personnel is provided?

• A) administered system
• B) conglomerate system
• C) franchise system
• D) vertical integrated system
• E) retail-sponsored cooperative

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Definitions:

Marginal Utility

The extra pleasure or benefit a buyer receives from purchasing an additional unit of a product or service.

Total Utility

The overall satisfaction or fulfillment a consumer derives from consuming a particular quantity of goods or services.

Marginal Utility

The extra pleasure or benefit gained from consuming an additional unit of a product or service.

Total Utility

The total satisfaction received from consuming a certain amount of a good or service.