Today, Though Cutting Expenses Is Still a Main Factor, the Desire

question 29

Multiple Choice

Today, though cutting expenses is still a main factor, the desire of many firms to focus on core competencies is a driving force behind the increase in:

• A) category management.
• B) channel integration.
• C) referent power.
• D) product differentiation.
• E) outsourcing.

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Definitions:

Authority To Accept

The legal power or permission given to an individual or entity to agree to the terms of a contract on behalf of another.

Depositary Bank

The first bank to receive a check for payment.

Check Is Drawn

The process by which a check is issued by an account holder, instructing their bank to pay a specified sum to a party named on the check.

Check-Processing Time

The duration it takes for a bank to process a check payment, clearing the funds from the payer's account to the payee.