Intermediaries Perform Facilitating Functions, Which Assist Producers in Making Products

question 266

Multiple Choice

Intermediaries perform facilitating functions, which assist producers in making products and services more attractive to buyers. These activities include

• A) producing, assembling, and distributing.
• B) transportation and distribution.
• C) buying, selling, and risk-taking.
• D) assorting, sorting, and storing.
• E) financing, grading, and marketing information and research.

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Definitions:

Income From Operations

Earnings generated from the normal business activities of a company, excluding income from other sources like investments.

Decentralization

The distribution of decision-making authority to lower levels in an organization, allowing closer proximity to decision-making and customer interaction.

Responsibilities Delegated

Tasks or duties assigned to a subordinate or team member by a person with authority or leadership within an organization.

Transfer Price

The price at which divisions of a company transact with each other, such as the trade of supplies or labor between departments.