Which of the Following Most Accurately Describes the Relative Length

question 28

Multiple Choice

Which of the following most accurately describes the relative length of consumer and industrial distribution channels?

• A)Consumer channels tend to be longer (consist of more intermediaries)than industrial channels.
• B)Industrial channels tend to be longer (consist of more intermediaries)than consumer channels.
• C)Both consumer and industrial channels tend to be long (consist of several intermediaries).
• D)Both consumer and industrial channels tend to be short (consist of few intermediaries).
• E)Consumer channels tend to be shorter (consist of few intermediaries)than the industrial channels.

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Definitions:

Consumption Function

A macroeconomic concept that describes the relationship between total consumption and gross national income.

Consumption Function

An economic formula that represents the relationship between total consumer spending and total national income.

Household Wealth

The total value of all financial and non-financial assets owned by members of a household minus any liabilities.

Consumption Function

An economic formula that expresses the relationship between total consumption and gross national income.