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What is the term used to describe 'Organized retail'?

1) Retail stores that are part of a chain or franchise
2) Retail stores that are independently owned and operated
3) Retail stores that sell only one type of product
4) Retail stores that are located in shopping malls

User OscarLar
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Final answer:

Organized retail refers to retail stores that are part of a structured and systematic chain or franchise, offering consistent experiences such as those found in major grocery stores, typically characterized by the principles of McDonaldization, monopolistic competition, and economies of scale exemplified by Amazon.

Step-by-step explanation:

The term used to describe 'Organized retail' generally refers to retail stores that are well-structured and systematically managed, usually as part of a chain or franchise. These retailers maintain a consistent and standardized environment across various locations, enabling predictability, efficiency, calculability, and control, mirroring principles from the McDonaldization concept. Major grocery stores in the United States are an example of organized retail, featuring different departments like dairy, meats, produce, bread, and cereals, and both monopolistic competition and economies of scale can be observed in retail markets. A noteworthy example of tapping into economies of scale is Amazon, which, despite starting as an online retailer, now has physical retail stores as well and leverages highly computerized warehouses for cost-efficiency.

User Mattlant
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