Which Statement Indicates a Key Advantage of Carrying Private Brands

question 5

Multiple Choice

Which statement indicates a key advantage of carrying private brands?

• A) A manufacturer can decide to drop a brand or a reseller at any time or even become a direct competitor to its dealers.
• B) Many manufacturers offer rapid delivery,enabling the dealer to carry less inventory.
• C) If a dealer happens to sell a manufacturer's brand of poor quality,the customer may simply switch brands and remain loyal to the dealer.
• D) Heavy advertising to the consumer by manufacturers helps develop strong consumer loyalties.

Understand the historical regulatory changes in the banking sector and their impacts.

Acknowledge the connection between monetary policy actions by the Federal Reserve and their effects on the economy.

Recognize the roles and objectives of the Federal Reserve system.

Comprehend the relationship between the open market operations, reserve requirements, and the money supply.

---

Definitions:

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit of a good varies as production volume changes.

Diminishing Returns

A principle stating that as additional units of a variable input are added to a fixed input, the marginal product of the variable input eventually decreases.

Upward-Sloping

Describes a line or curve on a graph that moves higher on the y-axis as it moves to the right on the x-axis, typically used to describe a supply curve in economics.

Short-Run Average Total Cost Curve

A graphical representation that shows how the average total cost of production changes as the quantity produced changes in the short run.