The Physical Path a Product Follows on Its Way to Customers

question 58

Multiple Choice

The physical path a product follows on its way to customers is called a(n) ________.

• A) distribution channel
• B) demand chain
• C) critical path
• D) external value network

---

Definitions:

Federal Taxes

Taxes collected by the national government, including income taxes and Social Security taxes.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied responds infinitely or massively at a particular price level, often represented by a horizontal line on a graph.

Excise Tax

An indirect tax charged on the sale of a particular good, usually intended to discourage use of the good or to raise revenue.

Tax Incidence

The degree to which a tax falls on a particular person or group.