Extending Credit to Customers Is an Example of a ________

question 123

Multiple Choice

Extending credit to customers is an example of a ________ function performed by channel intermediaries.

• A) transactional
• B) logistical
• C) facilitating
• D) buying
• E) risk-taking

---

Definitions:

Unit Elasticity

Demand or supply for which the elasticity coefficient is equal to 1; means that the percentage change in the quantity demanded or quantity supplied is equal to the percentage change in price.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price.

Price Elasticity

The degree to which demand for an item is affected by changes in its cost.

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a given price.