Intermediaries Who Enable the Flow of Goods and Services Between

question 29

Multiple Choice

Intermediaries who enable the flow of goods and services between manufacturers and end users are referred to as:

• A)channel captains.
• B)physical distribution.
• C)logistic agents.
• D)channels of distribution.
• E)EDI.

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Definitions:

Concentration Ratios

measures that indicate the extent to which a small number of firms dominate the sales, output, or capacity in a particular market.

Game Theory

A theoretical framework for conceiving social situations among competing players and predicting their optimal decisions.

Pricing Behavior

Strategies and factors that firms consider when setting prices for their products or services.

Oligopolists

Firms or entities within an oligopoly, a market structure dominated by a few large producers or suppliers.