JP Wholesalers is one of the largest wholesalers of wooden furnishings in the country.Recently,the company opened a chain of stores called JP Designer Homes that became popular owing to the good reputation the company had as a wholesaler.The company then began acquiring smaller retail chains and consolidated its position in the market.Which of the following trends is reflected in this scenario?
A) the movement toward self-service retailing
B) the decline of superstores
C) the decline of the voluntary chain
D) the rise of franchise organizations
E) the blurring of distinctions between retailers and wholesalers
Correct Answer:
Verified
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