In 1914,England's Share of the World's Industrial Output Stood at

question 69

Multiple Choice

In 1914,England's share of the world's industrial output stood at

• A) 3 percent,tied for tenth in the world.
• B) 9 percent,having dropped behind that of the United States and Germany.
• C) 14 percent,roughly the same as Germany's.
• D) 32 percent,the world's largest.
• E) 62 percent,twice as large as that of the nearest competitor.

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Definitions:

Intermediaries

Intermediaries are agents or businesses that act as middlemen in the distribution process, linking producers with consumers or other businesses.

Retailer

A business entity that sells goods or commodities directly to consumers, typically in small quantities.

Intermediary

An entity or individual that acts as a middleman between two parties in a transaction, usually within the supply chain for goods and services.

Marketing Channel

Pathways or routes through which goods and services flow from the producer to the consumer.