A Form of Economic Organization That Relies Primarily on Private

question 232

Multiple Choice

A form of economic organization that relies primarily on private ownership of productive assets, freedom of exchange, and market prices to allocate goods and resources is often called

• A) national socialism.
• B) the welfare state.
• C) a corporate economy.
• D) capitalism.

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Definitions:

Exclusive Distribution

A market strategy where a manufacturer restricts the distribution of a product to a single distributor or a few selected distributors.

Driving Time

The amount of time spent driving from one location to another, often considered in planning routes or estimating travel time.

Proximity

The state of being physically close or near, often used in marketing to discuss the importance of location in consumer behavior and retail strategy.

Hours of Operation

The specific times during which a business is open to customers.