A Channel of Distribution Is Defined as a Group of Individuals

question 172

Multiple Choice

A channel of distribution is defined as a group of individuals and organizations that

• A)consumes about one-half of every dollar spent on products in the United States.
• B)directs the flow of products from producers to customers.
• C)links producers to other marketing intermediaries.
• D)takes title to products and resells them.
• E)manages transportation and warehousing functions.

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Definitions:

Perfectly Competitive

A market structure characterized by a complete absence of rivalry among the sellers and it implies an industry or market in which many sellers offer identical products.

Benchmark Pricing

A method of pricing where a standard or reference price is used to set or compare the price of goods and services.

Similar Products

Goods that serve comparable purposes or needs and can be considered substitutes for each other by consumers.

Short Run

A period in economics during which at least one factor of production is fixed, limiting the ability of the economy or firm to adjust.