Form of ownership distinguishes retail outlets based on whether individuals, corporate chains, or contractual systems operate the outlet.

Name: Form of ownership distinguishes retail outlets based on whether individuals, corporate chains, or contractual systems operate the outlet.
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Question

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Form of ownership is a key factor that differentiates retail outlets. It refers to whether the outlet is owned and operated by individuals, corporate chains, or operates through a contractual system like franchising.

Form of Ownership Distinguishes Retail Outlets Based on Whether Individuals