MANAGEMENT

Detailed explanation-1: -The overwhelming majority of retailers are small businesses, with more than 98 percent of all retail companies employing fewer than 50 people.

Detailed explanation-2: -Independent retailers are businesses that are privately owned. They are usually thought of as single-store operations, and they can offer both high risk and high rewards.

Detailed explanation-3: -One of the most common forms of retail ownership is the independent business owned by an individual. A second form of ownership, involves multiple outlets under common ownership.

Detailed explanation-4: -An independent retailer is one who builds their business without help from an established brand. For example, if you open your own Subway Restaurant, you would not be considered an independent retailer, but rather a franchise business.