The Natural Resources That Are Needed as Inputs by Marketers

question 139

Multiple Choice

The natural resources that are needed as inputs by marketers or that are affected by marketing activities are referred to as the ________.

• A)raw material market
• B)natural environment
• C)endangered environment
• D)green movement
• E)factors of production

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Definitions:

Delivery Term

Refers to the conditions in a sales contract that outline the specifics of how and when the goods will be delivered to the buyer.

CFR

An abbreviation for "Code of Federal Regulations," which is a collection of the general and permanent rules published in the Federal Register by the departments and agencies of the Federal Government.

FOB

Free on Board, a shipping term used to indicate whether the seller or buyer is responsible for goods damaged or destroyed during shipping.

Excess Capacity

A situation where a business produces less than it is actually capable of because there is not enough demand for its product or service.