The Most Basic Benefit of Marketing Channels Is __________ Where

question 16

Multiple Choice

The most basic benefit of marketing channels is __________ where channels reduce the number of contacts necessary to exchange products.

• A) contraction
• B) time efficiency
• C) contact efficiency
• D) contact creation
• E) accumulation

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Definitions:

Laffer Curve

Shows that at very high tax rates, very few people will work and pay taxes; therefore government revenue will rise as tax rates are lowered.

General Price Level

indicates the average of the current prices of all goods and services in the economy at a specific time.

Money Supply

The aggregate of all funds accessible in an economy, counting cash, coins, and checking and savings account balances, at a certain time.

Middle Adulthood

The period in adult life that typically spans from ages 40 to 65, characterized by stability, maturity, and an increased focus on personal and professional achievements.