If a Firm Decides to Contract Its Physical Distribution Functions

question 209

Multiple Choice

If a firm decides to contract its physical distribution functions to third parties that have no managerial authority within the marketing channel, it is using

• A) outsourcing.
• B) sole-sourcing.
• C) logistics.
• D) wholesaling.
• E) distribution services.

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Definitions:

Alban William Phillips

Alban William Phillips was a New Zealand economist best known for the Phillips Curve, which suggests a historical inverse relationship between rates of unemployment and corresponding rates of inflation.

Phillips Curve

An economic theory suggesting an inverse relationship between rates of unemployment and corresponding rates of inflation, indicating trade-offs between these two economic variables.

Rate of Unemployment

The segment of the labor force that is without a job and actively on the look out for employment opportunities.

Passive Approach

A strategy, particularly in investing or management, where minimal intervention or action is taken, often to maintain the current state or to avoid risk.