From the Economic System's Point of View, the Role of ________

question 147

Multiple Choice

From the economic system's point of view, the role of ________ is to transform the assortments of products made by producers into the assortments wanted by consumers.

• A) upstream partners
• B) marketing intermediaries
• C) third-party logistics
• D) price consultants
• E) factory supervisors

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Definitions:

Congress

The national legislative body of a country, particularly in the United States, it is composed of the House of Representatives and the Senate.

Welfare

A system of support provided by the government or private organizations to ensure the basic living standards of individuals or communities.

Algorithm

A step-by-step procedure or set of rules to be followed in calculations or other problem-solving operations.

Heuristic

A mental shortcut or rule of thumb that helps simplify decision making and problem-solving.