Physically Moving a Product to Customers Is an Example of a __________

question 262

Multiple Choice

Physically moving a product to customers is an example of a __________ function.

• A)transactional
• B)logistical
• C)facilitating
• D)selling
• E)sorting

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Definitions:

Normal Goods

Goods for which demand increases as consumer income rises, and decreases when consumer income falls.

Inferior Goods

Goods for which demand decreases as the income of consumers increases, opposite to normal goods.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Demand

In economics, it represents consumers' desire to purchase goods and services at certain prices.