Which of the Following Would Contribute to a Higher Economic

question 62

Multiple Choice

Which of the following would contribute to a higher Economic Freedom of the World (EFW) rating for a country?

• A)low taxes
• B)rapid inflation
• C)high tariffs on imported goods
• D)government spending being a large share of the economy

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Definitions:

Marketing Channel Management

The process of overseeing the pathways through which products or services flow from producers to consumers, including logistics and distributor relations.

Corporate Vertical Marketing System

A system in which the parent company has complete control and can dictate the priorities and objectives of the supply chain; it may own facilities such as manufacturing plants, warehouse facilities, retail outlets, and design studios.

Retailing Activities

Tasks and functions involved in selling goods and services directly to consumers for their personal, non-business use.

Supply Chain Management

The oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.