Marketing Channels Make Distribution Simpler by Reducing the Number of Transactions

question 60

Multiple Choice

Marketing channels make distribution simpler by reducing the number of transactions required to get products from manufacturers to consumers.This is called:

• A) forward integration
• B) contact efficiency
• C) elimination of temporal discrepancies
• D) sorting
• E) reciprocity

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Definitions:

Price Elasticity of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good.

Government Program

An initiative undertaken by a government to address public needs in areas such as health, education, and welfare.

Market Price

Is the current price at which an asset or service can be bought or sold in a marketplace.

Price Rises

An increase in the monetary cost of goods or services over time, typically measured by inflation rates.