What Are the Three Factors Affecting Channel Choice? Briefly Discuss

question 86

Essay

What are the three factors affecting channel choice? Briefly discuss how each factor might influence a company to implement a direct channel of distribution.

Recognize the significance of assumptions in constructing economic models and their effects on the models' conclusions.

Identify the law of increasing opportunity cost and its graphical representation in the PPF.

Understand how different factors of production are not equally suited for producing all types of goods and the implications of this for the economy.

Understand the concept of economic growth as indicated by shifts in the production possibilities frontier.

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Definitions:

Action Potential

A temporary reversal of the electric membrane potential of a cell, especially nerve cells, allowing for the transmission of nerve impulses.

Resting Potential

The electrical potential of a neuron when it is not active, representing the difference in charge between the inside and outside of the cell.

Axon Terminal

Bulbous end of the axon where signals move from the axon of one neuron to the dendrites or cell body of another.

Dendrites

The branched extensions of a neuron that receive signals from other neurons or sensory receptors and convey them toward the cell body.