Which of the Following Statements Is True About a Multiple-Channel

question 83

Multiple Choice

Which of the following statements is true about a multiple-channel system?

• A)It reduces the cost of distribution.
• B)It is a type of a direct channel where intermediaries are eliminated through the use of information technology.
• C)It simplifies coordination and management of the channel of distribution.
• D)Loss of control is a typical problem associated with a multiple-channel system.

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Definitions:

Value Of Land

The worth of a piece of land determined by its characteristics, location, and potential uses.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Elastic

A characteristic of demand or supply indicating a high responsiveness to changes in price.

Pure Rent

Income received by a landowner for the use of a natural resource, land, or location that is essentially in fixed supply.