Retailers, When Classified on the Basis of Form of Ownership

question 106

Multiple Choice

Retailers, when classified on the basis of form of ownership, are grouped as:

• A) wholesalers and service providers.
• B) convenience, shopping, and specialty retailers.
• C) chain stores and independent retailers.
• D) limited-line and general merchandise retailers.

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Definitions:

Gain From Trade

The benefit or advantage resulting from the exchange of goods or services between parties.

International Trade

The movement of goods and services across the demarcations of international borders or territories.

Benefit All

A principle or approach aimed at ensuring policies or actions lead to positive outcomes for the entire population or group involved, not just a select few.

Citizens

Members of a particular nation or state who are recognized under the law as legal members of that nation, entitled to rights and subject to its obligations.