10 Questions
What is a key advantage of chain retailers compared to independents?
Centralized buying and distribution systems
What is a disadvantage of chain retailers as mentioned in the text?
Complex managerial control
Why do chain retailers have limited flexibility compared to independents?
Efficiency maintained by computerization
What type of businesses are independent retailers?
Owned by individuals or small groups
Which ownership form involves businesses like small local shops and family-owned stores?
Chain retailers
What distinguishes independent retailers from other ownership forms?
They make their own purchasing decisions
In a fully integrated channel system, which of the following is true?
One firm performs all production and distribution functions.
Which level of the independent channel system has control over the entire production and distribution process?
Manufacturers
What type of distribution is common in a partially integrated channel system?
Selective distribution
Which of the following companies exemplifies a fully integrated channel system?
Louis Vuitton
Explore the advantages and disadvantages of independent businesses in terms of flexibility, control, and workforce management compared to chain retailers. Learn about the differences in operations, planning, and leadership styles between the two types of businesses.
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