Which of the following is True of single-store retailers?
A) They do not have direct contact with their customers.
B) They are not bound by the bureaucracies inherent in large retail organizations.
C) They are totally independent of their owner-managers' capabilities to make any retail decision.
D) They must join a wholesale-sponsored voluntary competitive group to compete against corporate chains.
E) They are very rigid and lack quick adaptability to market changes and customer needs.

Question

Which of the following is True of single-store retailers? 
A) They do not have direct contact with their customers.
B) They are not bound by the bureaucracies inherent in large retail organizations.
C) They are totally independent of their owner-managers' capabilities to make any retail decision.
D) They must join a wholesale-sponsored voluntary competitive group to compete against corporate chains.
E) They are very rigid and lack quick adaptability to market changes and customer needs.

Quizplus · Accepted Answer

Single-store retailers are not bound by the bureaucracies inherent in large retail organizations. Many retail start-ups are owner-managed, which means management has direct contact with customers and can respond quickly to their needs.

Which of the Following Is True of Single-Store Retailers