A Common Criticism of the Marketing System Is That Intermediaries

question 11

Multiple Choice

A common criticism of the marketing system is that intermediaries ________.

• A) are too few in number
• B) are typically inefficient
• C) provide only essential services
• D) undervalue their service costs
• E) are overly protective of manufacturers' interests

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Definitions:

Imperfectly Competitive

Referring to market structures that do not meet the conditions of a perfect competition, often characterized by a small number of sellers, product differentiation, or barriers to entry.

MP

Member of Parliament; an elected official to the national legislative body in many countries.

Haircuts

A reduction applied to the value of assets for purposes of calculating capital requirements, risk, or losses.

Productive

The efficiency at which an individual, company, or economy can convert input resources into useful output.