What Term Refers to a Planned Marketing Channel System That

question 29

Multiple Choice

What term refers to a planned marketing channel system that is designed to improve distribution efficiency and cost-effectiveness through functional integration?

• A) intensive marketing system
• B) horizontal marketing system
• C) exclusive marketing system
• D) vertical marketing system

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Definitions:

Surety

Surety is a financial guarantee provided by a third party, promising to pay a debt or perform an obligation if the primary party fails to do so.

Electronic Chattel Paper

A digital form of chattel paper, which includes any record or evidence of an obligation and a security interest in specific goods.

Security Interest

A financial interest in a piece of property, granted to a creditor, ensuring claim to the property should the debtor default on their obligation.

Automatic Perfection

A legal condition in which a security interest in a collateral automatically becomes effective without the need for any further action, under certain conditions, once it attaches.