A ______ Develops When a Firm's Marketing Program Is Designed

question 24

Multiple Choice

A ______ develops when a firm's marketing program is designed to sell merchandise and services to other distributors rather than to retail customers.

• A) multilevel network
• B) pyramid scheme
• C) party plan
• D) commission
• E) general merchandise retailer

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Definitions:

Profit

The earnings obtained when the income generated from business operations is higher than the expenses, costs, and taxes required for these operations.

Output Market

Marketplaces where finished goods or services are sold to consumers, as opposed to input markets where raw materials are bought.

Consumers

Individuals or entities that purchase goods or services for personal use, not for manufacture or resale.

Firms

Business entities that produce goods or provide services with the aim of making a profit.