A Sequence of Organizations That Directs a Product from the Producer

question 94

Multiple Choice

A sequence of organizations that directs a product from the producer to the ultimate user is called a(n) _____.

• A) intermediary network
• B) catalog discount showroom
• C) transporter
• D) distribution channel
• E) distributorship

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Definitions:

Potential GDP

An estimate of the maximum level of economic activity that an economy can sustain over the long term without increasing inflation.

Labor Force

Comprises all the working-age population that is employed and those unemployed but seeking employment.

Rational Expectations

The economic theory that assumes individuals make predictions about the future based on all available information and in a way that is systematically correct.

Policy Makers

Individuals or groups responsible for making decisions and establishing regulations that guide the operation of governments and organizations.