Intermediaries Exist Because

question 84

Multiple Choice

Intermediaries exist because

• A)they provide more efficient means of distrubtion than the product producer.
• B)they are able to reach geographic areas with much less expense.
• C)they have lower risk levels since they don't have ownership of the goods.
• D)they specialize in products for specific customer needs.

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Definitions:

Maximize Profit

The process or strategy undertaken by businesses to increase their net earnings and achieve the highest possible profit margin.

Workers

Individuals engaged in a physical or mental activity with the aim of producing goods or providing services in exchange for wages.

Debbie's Bakery

An hypothetical or specific establishment that specializes in the preparation and sale of baked goods such as bread, pies, and cakes.

Construction Workers

Individuals employed in the construction sector to work on buildings, roads, and other structures.