The Opportunity to Achieve a Relatively High Level of Customer

question 34

Multiple Choice

The opportunity to achieve a relatively high level of customer service at low cost is higher in more:

• A) Dispersed markets than in more concentrated markets.
• B) Concentrated markets than in more dispersed markets.
• C) Changing markets than in more stable markets.
• D) Dispersed markets than in more dense markets.
• E) Distant markets than in large regional markets.

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Definitions:

Intermediary

An intermediary acts as a middleman in the distribution chain, facilitating transactions between producers and end users.

Relationships

Connections or interactions between individuals or organizations that influence business operations and outcomes.

Production Economies

Advantages that result from efficiency improvements in the production process, often achieved through increased scale, technology advancements, or optimized resource allocation.

Demand Aggregation

A strategy that combines product or service demands from different sources to get better prices or terms from suppliers.