In a concentrated retail system:a.a few retailers supply a small segment of the market.b.there are many retailers who have a major share of the market.c.there are many retailers, no one of which has a major share of the market.d.a few retailers supply most of the market.

What is a main difference between a concentrated retail system and a fragmented retail system?Multiple ChoiceA few retailers supply most of the market in a concentrated system; many retailers are present in a fragmented system.Large retail establishments prefer a fragmented system; smaller players prefer a concentrated system.A concentrated retail system is common in underdeveloped countries; fragmented retail systems are common in developed nations.Market share is indistinct in a concentrated retail system; market share is distinct in a fragmented retail system.

In large shopping areas, the retail market is most illustrative of:Question 38Select one:a.monopolistic competition.b.monopoly.c.perfect competition.d.perfect oligopoly.

1.Selling of goods to consumers in small quantities as per their need at ________________________ prices. 2. Wholesalers act as a link between _________________ and the retailer. 3. A retail store deals primarily with sales ____________________ in retailing. (a) volume (b) location (c) places (d) value 4. The term ‘wholesale’ means the selling of goods for business use or for ________________ purpose. (a) sale (b) resale (c) post sale (d) None of the above 5. The term ‘retailing’ refers to a business deal in which the seller sells in large quantities as per the need of the customer. (T/F) 6. What do you understand by the term ‘Retail’? 7.What are the essential requirements of a retailer? 8. List down the retailer’s services to the customer.

Which of the following best describes types of market structures that exist in various economies?Group of answer choicesA single producer that dominates the market on the one side and several large firms, each producing a sizeable portion of the market supply.At one end very few number of firms dominating the market and at the other end thousands of firms each producing a tiny fraction of market supply.A few firms that dominate the market on the one side and several firms producing a high proportion of the market supply.A single producer that dominates the market on the one side and a large number of firms each producing a tiny fraction of market supply on the other side.

The consumer market differs from the B2B market in that the consumer market Blank______.Multiple choice question.has many customers but smaller purchaseshas closer relationships between marketers and buyersis geographically dispersed with buyers that are specifically trainedis an informal process that is geographically concentrated