Functions Provided by Channel Intermediaries That Make the Purchase Process

question 80

Multiple Choice

Functions provided by channel intermediaries that make the purchase process easier for customers and manufacturers are referred to as ________ functions.

• A)distributing
• B)facilitating
• C)management
• D)marketing
• E)wholesaling

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Definitions:

Tax

A mandatory monetary fee or different kind of charge placed on a taxpayer by government authorities to finance government operations and diverse public expenses.

Consumer Surplus

The divergence between the amount consumers are prepared to pay and the amount they actually pay for a good or service.

Excise Tax

A tax imposed on specific goods, services, or transactions, often with the aim of discouraging their use or raising revenue.

Hamburgers

A popular fast-food item typically made of ground beef, chicken, or other meats, served inside a split bun.