Match Each Item with the Correct Statement Below

question 217

Multiple Choice

Match each item with the correct statement below.
-An organized system of marketing institutions that enhances the physical flow of goods and services,along with ownership title,from producer to consumer or business user is called a(n) _____.

• A)distribution channel
• B)forward integration
• C)logistics
• D)dual distribution
• E)direct selling
• F)intensive distribution
• G)selective distribution
• H)exclusive distribution
• I)tying agreement
• J)backward integration
• K)administered marketing system
• L)corporate marketing system
• M)contractual marketing system
• N)private carriers
• O)materials handling system
• P)franchise
• Q)common carriers
• R)upstream management
• S)suboptimization
• T)downstream management

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Definitions:

Quantity Demanded

The volume of a good or service that purchasers have the willingness and financial ability to acquire at a certain price.

Price

The sum in money expected, obligated, or dispensed as compensation for something.

Demand Curve

A chart that illustrates the connection between a product's price and the amount of the product buyers are prepared to buy.

Change In Income

The difference in an individual's or household's income over a specific period, indicating an increase or decrease.