An Administered Vertical Marketing System Is Exemplified By

question 61

Multiple Choice

An administered vertical marketing system is exemplified by:

• A)an independent retailer uniting with other retailers to manage resources jointly.
• B)the franchise program of a parent company with an independent contractor.
• C)the long-term relationship of a popular retailer with its regular suppliers.
• D)a wholesaler who contracts with many retailers to carry out distribution.

---

Definitions:

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the original issuer in case of default.

Endorse

To give support or public approval to someone or something, often used in the context of endorsing products, services, or candidates.

Negotiable Instruments

Written documents guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name written on the document.

Notice

A formal communication or declaration given by one party to another, often required by law or agreement, to inform or warn of actions taken or impending.