Mark Bradley's Company Takes Orders from Its Collection of Retail

question 34

Multiple Choice

Mark Bradley's company takes orders from its collection of retail customers and arranges the delivery of goods directly from manufacturers or other wholesalers to its customers' businesses. Mark is operating as a .

• A) mail-order wholesaler
• B) drop shipper
• C) desk wholesaler
• D) truck jobber
• E) specialty-line wholesaler

---

Definitions:

Perfectly Competitive

A market structure characterized by many small buyers and sellers, identical products, and no barriers to entry or exit.

Profit Maximizing

The strategy or technique of optimizing production and pricing for the utmost profit.

AVC Curve

The Average Variable Cost curve, showing the per-unit variable cost of production at different levels of output.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.