A Small Retailer Could No Longer Handle All of the Distribution

question 140

Multiple Choice

A small retailer could no longer handle all of the distribution activities as her business grew.She hired a shipper and an information technology company to assist with these functions.She is using __________ for physical distribution for her business.

• A)producers
• B)wholesalers
• C)retailers
• D)selling agents
• E)outsourcing

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Definitions:

Jobs and Income Argument

A perspective that emphasizes the creation of jobs and income generation as primary economic objectives.

Economic Efficiency

The optimal allocation of resources in a manner that maximizes the production and distribution of goods and services.

Embargo

A government order that restricts commerce with a specified country or the exchange of specific goods.

Dumping

In international trade, it's the practice of selling a product in a foreign market at a price that is below the cost to produce it or below the price in the home market.