Chapter 13

Question 1

…. includes all the activities in selling products or services directly to final consumers for their personal use.

Answer 1

Retailing

Question 2

…. are two or more outletes that are commonly owned and controlled.

Answer 2

Corporate chains

Question 3

…. are wholesale-sponsored groups of independent retailers that engage in group buying and common merchandising.

Answer 3

Voluntary chains

Question 4

…. is a group of independent retailers that band together to set up a joint-owned, central wholesale opearation.

Answer 4

Retailer cooperatives

Question 5

…. are based on some unique product or service…

Answer 5

Franchise organizations

Question 6

…. involves the mergings of consumers, producers, prices and retailers creating greater competition.

Answer 6

Retail convergence