The Major Advantage of __________ Is That It Always Results

question 54

Multiple Choice

The major advantage of __________ is that it always results in a settlement.

• A)mediation
• B)conciliation
• C)arbitration
• D)consultancy

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Definitions:

Marketing Channel

A path or route through which goods or services flow from the producer to the consumer.

Channel Functions

Activities that enable the transfer of goods from the producer to the consumer, including physical distribution, financing, and information sharing.

Perishability

A characteristic of services indicating that they cannot be stored for future use and their value vanishes if not consumed within a particular period.

Service Capacity

The maximum output or amount of service that can be provided by a business in a given period.