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Jade Inc Serves as an Intermediary Between Stone Corp

question 41

Multiple Choice

Jade Inc. serves as an intermediary between Stone Corp., a gem supplier, and Purple, a jewelry store. If Jade limits its selling activity to accepting orders from Purple and conveying them to Stone Corp., Jade is most likely in the _____ stage of personal-selling evolution.


Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company’s profits through dividends.

Net Income

Net income is the total profit of a company after all expenses and taxes have been subtracted from total revenue, indicating the company's profitability.

Bonds Payable

Bonds payable are long-term debts issued by corporations or governments, where the issuer promises to pay the bondholder a specific sum of money at future dates.

Common Stock

A type of equity security that represents ownership in a corporation, usually with voting rights.

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