________ Is One of the Four Factors Used When Deciding

question 82

Multiple Choice

________ is one of the four factors used when deciding whether to use independent sales people.

• A) Legal resources
• B) Risk tolerance
• C) Geographic flexibility
• D) Transaction cost
• E) Psychographic segmentation

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Definitions:

GDP

A metric for evaluating the economic success of a nation, Gross Domestic Product calculates the overall value of goods and services generated over a designated period.

GNP

Gross National Product; the total value of goods produced and services provided by a country during one year, including net income from abroad.

Net Factor Payments

The difference between the payments made to factors of production from abroad and the payments made to foreign factors of production domestically.

GDP

Gross Domestic Product, the total value of all goods and services produced over a specific time period within a country's borders.