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

Question

Quizplus · Accepted Answer

The third general form of retail ownership is individual ownership, where a single person or family owns and operates the retail business independently. This is the opposite of a corporate chain, where a large company owns and operates multiple stores, and a contractual system, where independent business owners agree to operate under a common brand or system. Industry consortiums and non-binding cooperatives are not forms of retail ownership. Multi-national cartels are illegal in many countries.

There Are Three General Forms of Retail Ownership: Contractual System