Which of the Following Is True of Retailers

question 5

Multiple Choice

Which of the following is true of retailers?

• A) They provide contact efficiency for consumers.
• B) They provide time and place utility to agents and brokers.
• C) They facilitate exchanges of ownership between buyers and sellers.
• D) They facilitate the movement of products from the manufacturer to producers and resellers.

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Definitions:

Stages of Development

Distinct phases in the growth process of beings or systems, marked by specific attributes or achievements.

Organizational Hierarchy

The arrangement of individuals within an organization according to power, status, and job function, often visualized as a pyramid structure.

Self-managed Teams

Groups of employees who are responsible for managing their work and the processes leading to the completion of their goals without direct supervision.

Managerial Layers

Describes the levels of management hierarchy within an organization, from frontline managers to top executives.