Which Component(s)of U

question 27

Multiple Choice

Which component(s) of U.S.real GDP decreased in size relative to total U.S.real GDP from 1950 to 2000?

• A)Only agriculture.
• B)Only manufacturing.
• C)Agriculture and manufacturing.
• D) Only services.

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Definitions:

Supply Chain

A network of organizations, people, activities, information, and resources involved in producing and delivering a product or service from suppliers to customers.

Physical Distribution System

The process and logistics involved in moving goods from the point of production to the point of consumption.

Direct Selling

A retail channel for the distribution of goods and services directly to consumers, typically in a non-retail setting.

Direct-Response Retailing

A retail strategy that promotes immediate customer action through direct communication, such as online advertisements or infomercials.