In General,an Externality Is Created When

question 93

Multiple Choice

In general,an externality is created when

• A)people are affected (other than by price)by a transaction which they were not part of.
• B)firms produce a product of low quality and consumers don't like it.
• C)firms have to pay for pollution the environment.
• D)the government subsidizes education.

Differentiate between transactional, logistical, and facilitating functions.

Recognize the importance of distribution control and costs.

Identify the key challenges and considerations in managing multiple channel distribution systems.

Explain the impact of the Internet on distribution systems.

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Definitions:

Prejudice

A preconceived opinion or judgment towards people or ideas without proper knowledge, fairness, or reason.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Cultural Orientation

The inclination of individuals or groups towards certain beliefs, practices, and priorities shaped by their cultural background.

Baby Boomers

The demographic group born approximately between 1946 and 1964, known for experiencing significant political, economic, and social changes.