Having No Intermediaries Between the Buyer and Seller Is a Defining

question 101

Multiple Choice

Having no intermediaries between the buyer and seller is a defining characteristic of a(n) ________ marketing channel.

• A)indirect
• B)vertical
• C)horizontal
• D)two-step
• E)direct

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Definitions:

Conversion Price

In finance, the Conversion Price is the predetermined price at which convertible securities can be exchanged for common shares of the issuing company.

Option Contract

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a specified price on or before a specified date.

Exercise Price

The cost at which an options contract's owner has the right to purchase or sell the underlying asset.

Time Value

The concept that money available now is worth more than the identical sum in the future due to its potential earning capacity.