All of the Following Statements Regarding Resellers Are True EXCEPT

question 29

Multiple Choice

All of the following statements regarding resellers are true EXCEPT:

• A)most resellers do a large volume of business in a standardized way with a small margin.
• B)most goods use resellers,such as distributors and retail dealers.
• C)the thinking of resellers should be represented in the product development process.
• D)most resellers are willing to change their systems in order to acquire new products for distribution.

---

Definitions:

Quotas

Quantitative limits set by governments on the amount of specific goods or services that can be imported or exported during a specified time frame.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Quota Rights

Licenses or permissions issued by a government that allow specific quantities of goods to be imported or exported.

Economic Welfare

The overall well-being and standard of living of people in terms of the quantity and quality of goods and services available to them.