TeachMeFinance.com - explain Company-operated retail outlet
Company-operated retail outlet
Any retail outlet (i.e., service station) which sells motor vehicle fuels and is under the direct control of a firm that sets the retail product price and directly collects all or part of the retail margin. The category includes retail outlets operated by (1) salaried employees of the firm and/or its subsidiaries and affiliates, (2) licensed or commissioned agents, and/or (3) personnel services contracted by the firm. Company outlet: See Company-operated automotive outlet above.
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