When Shopping for Products, Business Customers Often Prefer to Deal

question 215

Multiple Choice

When shopping for products, business customers often prefer to deal with _____, while consumers typically buy from _____.

• A) manufacturers or channel intermediaries; retailers
• B) channel captains; stores
• C) online retailers; brick-and-mortar retailers
• D) retailers; online retailers
• E) large retailers; small retailers

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Definitions:

AVC Curve

Average Variable Cost Curve, it represents the change in variable cost associated with producing more units of a good or service.

Variable Input

An input in the production process that can be altered in the short term to adjust the level of output.

Output

Output is the total amount of goods and services produced by an economy or business over a set period, quantifying productivity and economic activity.

Short Run

A period in economics where at least one input (e.g., capital) is fixed, focusing on immediate effects rather than long-term outcomes.