What Results from Business Customers Being More Geographically Concentrated and Fewer

question 195

Multiple Choice

What results from business customers being more geographically concentrated and fewer in number than individual consumers?

• A) shorter business channels compared to consumer goods channels
• B) moving products effectively through wholesale and retail markets simultaneously
• C) reduction in price from producer to user
• D) more middlemen and unique channel structures than consumer channels

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Definitions:

Gini Coefficient

A measure of the distribution of wealth within a country.

Reserve Requirement

The minimum amount of cash reserves a commercial bank must hold.

Capitalism

An economic system in which factors of trade and production are controlled by private owners rather than by the state.

Socialism

A collective form of government in which the means of production and the distribution of production are owned collectively by the community as a whole.