______________ Means Selling a Product Through All Responsible and Suitable

question 38

Multiple Choice

______________ means selling a product through all responsible and suitable wholesalers or retailers who will stock or sell the product.

• A) Selective distribution
• B) Multichannel distribution
• C) Exclusive distribution
• D) Intensive distribution
• E) Aggressive distribution

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Definitions:

AVC

Average Variable Cost, which refers to the total variable cost per unit of output in a business, where variable costs change with the level of production.

MC

Marginal Cost, the cost of producing one additional unit of a product or service.

ATC

Average Total Cost; the total cost of production divided by the number of units produced, representing the per-unit production cost.

Average Fixed Costs

Costs that do not vary with the level of output and are averaged over the total number of units produced.