There are three general forms of retail ownership: individual, corporate chain, and _________.
A)dual ownership
B)contractual system
C)industry consortiums
D)multi-national cartel
E)non-binding cooperative

Question

Quizplus · Accepted Answer

The three general forms of retail ownership are individual, corporate chain, and contractual system. A contractual system involves a group of independent retailers who band together to form a cooperative in order to gain bargaining power with manufacturers, wholesalers, or distributors. This can include franchise systems, dealer networks, or voluntary chains. Therefore, the best answer is B, contractual system.

There Are Three General Forms of Retail Ownership: Individual, Corporate