(Last Word) in 1960 the Ratio of Workers to Social

question 351

Multiple Choice

(Last Word) In 1960 the ratio of workers to Social Security and Medicare beneficiaries was ______; by 2040 it is projected to be _________.

• A) 10:1; 3:1
• B) 3:1; 2:1
• C) 5:1; 2:1
• D) 2:1; 3:1

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Definitions:

Direct Distribution

A method where products are sold and delivered to consumers directly from the producer, bypassing intermediaries.

Marketing Intermediaries

are third-party firms or individuals that act as middlemen in the distribution process, connecting producers with consumers.

Physical Distribution

The set of activities concerned with moving products from the end of production to the end user, including transportation, warehousing, and inventory management.

Growth Stage

A phase in the life cycle of a business or product characterized by rapid revenue and customer base expansion, necessitating strategic planning for sustainability.