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Question 1- explain the major retailing marketing decisions (Total 15 points). Question 2- Short answer questions (Total 45 points: 15 points each) a. Differentiate between retailing and wholesaling. b. Give two examples of retailers. c. What is a franchise? Give one example. Question 3 - Identify the types of the below retailers and give the definition of that retail type. (Total 40 points: 10 points each) Retailer Name Retailer type Definition of retailer type Example Costco Off price retailer a store that sells merchandise bought at less than regular wholesale prices and sold at less than retail Walmart Sunglass hut kea A Harvey Nichols BONUS QUESTION - Fill in the blanks (10 points- 5 points each) a. is an activity performed by a wholesaler and involves the wholesaler buying in larger quantity and breaking into smaller lots for its customers. b. is a function performed by a wholesaler to absorb risk by taking title and bearing the cost of theft, damage, spoilage, and obsolescence