A(n)________ Channel Provides Buyers with Location Convenience Because of the Large

question 2

Multiple Choice

A(n) ________ channel provides buyers with location convenience because of the large number of outlets through which a product is sold.

• A) intensive
• B) exclusive
• C) one-level
• D) zero-level

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Definitions:

Note

A written promise or obligation to pay a specified sum of money to a specified person at a specified time.

Secondary Liability

Secondary liability refers to a legal obligation that arises not from direct involvement in a wrongful act, but from a failure to properly oversee or control the primary party responsible, or from benefiting from the act.

Negotiable Instrument

An official paper that assures the delivery of a particular monetary amount, which can be demanded at any moment or at an agreed-upon time, identifying the person who will make the payment.

Default

The failure to fulfill an obligation, especially the failure to make payments on a loan.