If a Producer Sells Through an Import Agent, a Wholesaler

question 109

Multiple Choice

If a producer sells through an import agent, a wholesaler, and a retailer, then:

• A) a long channel exists.
• B) the retail system must be concentrated.
• C) the internet probably plays a big role in the economy.
• D) there is no channel.

---

Definitions:

Business Risk

The exposure a company or investor has to factor(s) that will lower its profits or lead it to fail.

Business Risk

The exposure to factors that may cause a business to experience lower than expected profits or even losses, including market changes, regulatory changes, and operational failures.

Macroenconomy

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on national income, unemployment, and inflation.

Donald Boudreaux

An American economist known for his work in free market economics and public choice theory, and for being a prolific writer on these subjects.