What Is 'Negotiability

question 35

Multiple Choice

What is 'negotiability'?

• A)The name for the principle that means that 'no one gives what one does not have'.
• B)A name that describes the fact that something can be transferred and the transferee will obtain good title even if the transferee did not have good title.
• C)The name that describes the bargaining room that exists in terms of the type of payment one can make for goods or services.
• D)The quality currency has when it cannot be legally refused in payment of a debt.

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Definitions:

Supply Chain

Complete sequence of suppliers that contribute to creating a good or service and delivering it to business users and final consumers.

Physical Distribution

Actual movement of products from producer to consumers or business users.

Direct Distribution Channel

Marketing channel that moves goods directly from producer to ultimate user.

Indirect Distribution Channel

A chain of intermediaries through which a product passes before reaching the consumer, involving one or more third parties.