If a Producer Sells Through an Import Agent,a Wholesaler,and a Retailer,then

question 94

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.

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Definitions:

Independent Events

Two or more events where the occurrence or outcome of one event does not affect the occurrence or outcome of the other event(s), a fundamental concept in probability.

P(A | B)

Represents the conditional probability of event A occurring given that event B has occurred.

Independent Events

Two or more events in probability where the occurrence of one does not affect the occurrence of the other.

P(A ∪ B)

The probability of the union of two events, A and B, occurring.