Channel Specialists Provide Value to Producers in Which of the Following

question 69

Multiple Choice

Channel specialists provide value to producers in which of the following circumstances?

• A)when producers are located far from their customers and may not know how best to reach them
• B)when the assortment and quantity of products customers want matches the assortment and quantity of products companies produce
• C)when customers are well informed about their product choices
• D)when producers and customers exist in the same location
• E)when customers prefer online purchasing

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Definitions:

Porter's Generic Strategies

A framework that outlines three strategies businesses can use to achieve competitive advantage: cost leadership, differentiation, and focus.

BCG Matrix

A strategic business tool to help organizations analyze their product lines or business units for strategic decision-making.

Strategy Formulation

The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.

Strategic Leadership

The capability of influencing others towards the achievement of long-term organizational vision and objectives.