Which of the following is a commonly used method of classifying retail outlets?
A)service versus product
B)form of ownership
C)proportion of national brands carried
D)revenue generated

Question

Quizplus · Accepted Answer

Form of ownership is a commonly used method of classifying retail outlets, which includes categories such as independent, chain, franchise, and cooperative. Service versus product is not a method of classifying retail outlets as it pertains to the type of business they operate in, not their classification. Proportion of national brands carried and revenue generated are not commonly used methods of classifying retail outlets, although they may be factors taken into consideration when assessing their performance.

Which of the Following Is a Commonly Used Method of Classifying