Jeff Wood's Company Buys Machine Tools from Large Producers and Sells

question 206

Multiple Choice

Jeff Wood's company buys machine tools from large producers and sells them to several Midwestern manufacturing companies. The company Jeff works for carries inventories of the tools, which reduces capital requirements for the producers. Jeff's company is an example of a(n) ____ in a distribution channel.

• A) direct distributor
• B) manufacturers' agent
• C) industrial distributor
• D) producers' agent
• E) wholesalers' agent

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Definitions:

Identity Theft

The process by which someone uses personal information about someone else (such as the victim’s name, address, and Social Security number) to assume the victim’s identity for the purpose of defrauding another.

2-Factor Authentication

An additional security layer requiring two types of identification from the user before granting access to their account or device.

Hacker

An individual skilled in exploiting weaknesses in computer systems or networks for various purposes, which could range from malicious attacks to ethical hacking.

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.