Physical Controls Include All But

question 23

Multiple Choice

Physical controls include all but:

• A)Fences and alarm systems
• B)Security guards
• C)High tech security tools
• D)Each of the answers is correct.

Explain the significance of external costs and their impact on the environment.

Recognize the role of government in addressing externalities and providing public goods.

Understand the concept of mixed economies and the balance between private and public sectors.

Explain the basic economic questions every country must answer due to resource scarcity.

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Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 which prohibits monopolistic business practices.

Channel Practices

The strategies and activities firms use in selecting, managing, and motivating individual channel members and evaluating their effectiveness.

Economic Influence

The impact that economic factors, policies, and conditions have on the behavior of individuals, businesses, and governments.

Channel Captain

Denotes a leading entity, typically a dominant retailer or manufacturer, that exercises control over the distribution channel by setting standards, policies, and practices.