A Wholesaler Is an Intermediary That Buys Products from Manufacturers

question 141

True/False

A wholesaler is an intermediary that buys products from manufacturers or other wholesalers and sells them to consumers.

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Definitions:

Formal Hierarchy

An organizational structure where individuals are ranked according to levels of authority and responsibility, often visually represented as a pyramid.

External Environment

The outside factors and influences that affect the operation and performance of an organization.

Centralize

Refers to the process of concentrating decision-making authority and control at the top levels of an organization.

Tall Hierarchies

Organizational structures with multiple levels of management and authority, sometimes leading to slower decision-making processes.