Many Large Champagne Sellers Do Their Own Importing and Desire

question 22

Multiple Choice

Many large champagne sellers do their own importing and desire to maintain independent price points in different markets.Thus,a bottle of champagne might cost $45 in the United States while the same bottle might be only 20 euros (about $30) in France.It is often profitable to buy the wine in Europe,typically from an unauthorized distributor,and resell it in the United States.U.S.wine merchants who do so would be engaging in:

• A) black marketing
• B) channel malfeasance
• C) countertrading
• D) reverse channeling
• E) gray marketing

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Definitions:

Marketing Loans

Loans provided to agricultural producers, typically by a government, using the harvested crops as collateral, allowing farmers to hold their products for higher future prices.

Absolute Increases

Refers to outright growth in a specific numerical value, such as income, over a period, without adjustments for factors like inflation.

Relative Increases

Comparisons of growth or expansion in different areas or items, measured in proportionate terms rather than absolute numbers.

Farm Employment

Jobs and labor directly involved in the agricultural sector, including farming, dairy, fisheries, and other activities related to the cultivation and harvesting of products.