Podcast
Questions and Answers
What is a key advantage of chain retailers compared to independents?
What is a key advantage of chain retailers compared to independents?
- Personal image
- Flexibility in locations
- Control over investment costs
- Centralized buying and distribution systems (correct)
What is a disadvantage of chain retailers as mentioned in the text?
What is a disadvantage of chain retailers as mentioned in the text?
- Strong entrepreneurial leadership
- Complex managerial control (correct)
- Over-dependence on owner
- Control over investment costs
Why do chain retailers have limited flexibility compared to independents?
Why do chain retailers have limited flexibility compared to independents?
- Efficiency maintained by computerization (correct)
- Labor intensive operations
- Control over investment costs
- Consistency and independence
What type of businesses are independent retailers?
What type of businesses are independent retailers?
Which ownership form involves businesses like small local shops and family-owned stores?
Which ownership form involves businesses like small local shops and family-owned stores?
What distinguishes independent retailers from other ownership forms?
What distinguishes independent retailers from other ownership forms?
In a fully integrated channel system, which of the following is true?
In a fully integrated channel system, which of the following is true?
Which level of the independent channel system has control over the entire production and distribution process?
Which level of the independent channel system has control over the entire production and distribution process?
What type of distribution is common in a partially integrated channel system?
What type of distribution is common in a partially integrated channel system?
Which of the following companies exemplifies a fully integrated channel system?
Which of the following companies exemplifies a fully integrated channel system?
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