Marketing Intermediaries Concentrate on Providing Mainly Form, Time, and Place

question 176

True/False

Marketing intermediaries concentrate on providing mainly form, time, and place utility, while producers focus on the provision of possession, information, and service utility.

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Definitions:

Incapacity

The lack of legal ability to act, often due to age, mental condition, or lack of legal authority.

Apparent Authority

The appearance or impression of authority given by a principal to an agent, leading others to believe the agent has actual authority.

Termination Notice

A formal declaration that a contract, employment, or agreement is ending, often specifying the effective date and conditions of termination.

Actual Notification

For third parties who have previously dealt with the agent or who have begun to deal with the agent. This can be accomplished by (1) a direct personal statement to the third party or (2) a writing delivered to the third party personally, to his place of business, or to some other place reasonably believed to be appropriate.