Those Organizations That Assist in the Movement of Goods and Services

question 76

Multiple Choice

Those organizations that assist in the movement of goods and services from producer to industrial and consumer users are known as

• A) directed marketers.
• B) distributive specialists.
• C) marketing intermediaries.
• D) supplementary marketers.

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Definitions:

Average Variable Cost

The cost per unit of output that varies with the level of production, excluding any fixed costs.

Learning-by-Doing

The process through which skill and efficiency are improved over time as a result of practice and experience.

Economies of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production expands.

Technological Advance

Progress in technology that improves efficiency and productivity, often leading to economic growth.