An Ongoing Relationship Between All the Parties That Develop,produce,deliver,and Sell

question 96

Multiple Choice

An ongoing relationship between all the parties that develop,produce,deliver,and sell particular goods and services is referred to as ________.

• A) a value delivery system
• B) channel cooperation
• C) a channel partnership
• D) vertical integration

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Definitions:

Recession

A noticeable drop in economic activity that affects the entire economy, enduring beyond several months, usually evidenced in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Transfer Payments

Payments made by the government to individuals, without the government receiving any goods or services in return.

Nondiscretionary Fiscal Policy

involves government policies, like taxation and certain types of government spending, that are not easily altered and automatically adjust to economic conditions.

Aggregate Demand

The whole of economic demand for goods and services at a given price level, within a certain time range.