Firms Organize Production by Using a Mix of

question 358

Multiple Choice

Firms organize production by using a mix of

• A) command and incentive systems.
• B) market and agency systems.
• C) command and market systems.
• D) incentive and agency systems.

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Definitions:

Marketing Channel

Essential practices or tasks involved in moving ownership of goods from where they are produced to where they are consumed.

Dual Distribution

A distribution strategy where a company sells products or services through two or more different distribution channels or marketing strategies simultaneously.

Enculturation

The process of socialization through which an individual acquires his or her native culture, mainly early in life.

Acculturation

The process of social influence by which a person partially or fully acquires a new cultural outlook, either by having contact with or living in a culture different from his or her culture of origin.