The Physical Path a Product Follows on Its Way to Customers

question 143

True/False

The physical path a product follows on its way to customers is called a distribution channel.

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Social Security

A government program that provides financial assistance to people with little or no income, including retirement, disability, and survivor benefits.

Regressive

A tax system where the tax rate decreases as the taxable amount increases.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.