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Tiffany owns a gift shop that carries clothing and memorabilia of local high school teams as well as

home decor objects. She is the sole owner of the store, so in terms of ownership, her store would be
classified as a(n):
a. independent retailer
b. free-standing store
c. franchise
d. chain store
e. common retailer

User Jon Shier
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1 Answer

3 votes

Answer:

a. independent retailer

Step-by-step explanation:

An independent retailer is a businessperson who owns and manages a retail shop. The retailer either has bought or started the business from the ground. He or she makes all the decisions relating to the business including staffing, sales, financing, and operation time.

An independent retailer has the freedom to decide the type of business and its location. Entry into this type of business is easy. Freedom to do what the retailer wants is one advantage of this type of business.

As the venture is privately owned, the independent retailer has full authority over the business, as if fully responsible for its success or failure. Many businesses of this nature will fail in the first years of operations, mainly due to the lack of a business plan.

User Alex Predescu
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