Monfax Corporation Insures Manufacturers, Distributors, and Consumers Against the Loss

question 29

Multiple Choice

Monfax Corporation insures manufacturers, distributors, and consumers against the loss or damage of goods during transportation after a purchase or sale. In this case, Monfax is an example of a ________.

• A) wholesaler
• B) retailer
• C) financial intermediary
• D) physical distribution firm
• E) marketing service agency

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Definitions:

Save

Setting aside money or other resources for future use or in case of emergencies.

Consume

The action of using up goods or services, thus leading to a reduction in available quantity.

GDP

The entirety of value generated from goods and services within a country's borders throughout a specific duration sums up what is known as the Gross Domestic Product.

Government Purchases

Expenditures by government for goods and services that directly satisfy collective needs or affect the economy’s total demand.