Select the Words That Best Complete the Following Sentence

question 73

Multiple Choice

Select the words that best complete the following sentence. One of the biggest recent channel developments has been the rise of _________marketing networks to replace __________ marketing channels.

• A) vertical; horizontal
• B) horizontal; vertical
• C) vertical; transient
• D) vertical; conventional
• E) contractual; vertical

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Definitions:

Bills Of Exchange Act

The Bills of Exchange Act is legislation that regulates the creation, transfer, obligations, and rights of parties involved in bills of exchange, a form of negotiable instrument used in trade and finance.

Promissory Notes Act

Legislation that governs the issuance, form, and effects of promissory notes, which are written promises to pay a specified sum of money to a specified person or the bearer at a specified time.

Countermand Payment

The act of canceling a payment or stopping the processing of a payment order by the payer.

Certified Cheque

A cheque guaranteed by a bank, indicating that the signer has enough funds in their account to cover the amount of the cheque.