Question: NOTE: please remember this question carries, 35 marks. provide answers with relevant examples and put graphics if possible QUESTION 3 (CLO3) An independent retailer owns

NOTE: please remember this question carries, 35

NOTE: please remember this question carries, 35 marks.

provide answers with relevant examples

and put graphics if possible

QUESTION 3 (CLO3) An independent retailer owns one retail unit. Seventy percent of independents are run by the owners of their families. The high number of independents is associated with the ease of entry into the marketplace, due to low capital requirements and no, or relatively simple, licensing provisions for many small retail firms. DISCUSS FIVE (5) advantages of independents retailer. (35 Marks)

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