Which of the Following Is an Example of a Transactional

question 9

Multiple Choice

Which of the following is an example of a transactional function that intermediaries perform?

• A) Transporting goods to customers
• B) Purchasing goods for resale
• C) Maintaining inventory
• D) Extending credit to customers
• E) Sharing competitive intelligence about customers

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Definitions:

Dispatch

The act of sending something or someone to a specific destination or for a certain purpose.

Acceptance

The act of agreeing to receive something offered or the acknowledgment of a new contractual proposal.

Predominant-Purpose Test

A legal test used to determine the primary objective or nature of a contract when it serves multiple purposes, impacting enforcement and interpretation.

Service-Warranty Test

An assessment used to determine whether a warranty offers a promise to repair or replace a product, or a promise of a specific level of performance.