Retailers Handle the Financial Exchange When a Customer Pays for a Product

question 121

Multiple Choice

Retailers handle the financial exchange when a customer pays for a product. This is an example of the ________ function of channel intermediaries.

• A) communication
• B) marketing
• C) promotional
• D) transaction
• E) management

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Definitions:

Information Privacy

The aspect of data protection that deals with the proper handling, processing, storage, and usage of personal information.

Government Benefits

Refers to forms of financial assistance or service programs provided by governments to support individuals in society, including healthcare, education, and social security.

Aadhaar

Aadhaar is a 12-digit unique identity number issued by the Indian government to residents, based on their biometric and demographic data.

Fairness Approach

A method or strategy in decision-making that emphasizes equity and justice among all participants.