The Major Characteristic That Is Used to Differentiate Among Types

question 116

Multiple Choice

The major characteristic that is used to differentiate among types of intermediaries is whether they:

• A) install exchange barriers such as location,time,and quantity
• B) create specialization of labor
• C) create economies of scale
• D) take title to the products they sell
• E) raise profit margins for independent middlemen

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Definitions:

Metamorphosed

Refers to rocks that have undergone a change in mineral composition and texture due to exposure to high temperature and pressure conditions.

Shale

A fine-grained sedimentary rock composed of mud that splits easily into layers, often used in the production of oil and natural gas.

Sandstone

A sedimentary rock consisting of sand-sized minerals or rock grains, compacted and often cemented together over time.

Limestone

A sedimentary rock composed primarily of calcium carbonate, often formed from marine organisms' shells and skeletons.