A(n)_____ retail system is one in which there are many retailers,no one of which has a major share of the market.
A) concentrated
B) fragmented
C) focused
D) consolidated
E) exclusive

Question

Quizplus · Accepted Answer

Fragmented retail system is one in which there are many retailers, each with a small share of the market. This is typically seen in industries where there are low barriers to entry, and small businesses can compete with larger ones. Concentrated retail systems, on the other hand, have a few large retailers dominating the market, while focused retail systems specialize in a particular niche or product category. Consolidated retail systems occur when several independent retailers merge or when a large retailer acquires smaller ones. Exclusive retail systems consist of a single retailer controlling the distribution of a particular product or brand.

A(n)_____ Retail System Is One in Which There Are Many