What Acts as the Bridge Between the Consumer and the Manufacturer

question 22

Multiple Choice

What acts as the bridge between the consumer and the manufacturer?

• A) public relations
• B) media relations
• C) consumer relations
• D) advertising
• E) marketing

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Definitions:

Factors of Production

Resources used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.

Circular-Flow Diagram

An illustrative depiction of the economy, highlighting the movement of currency among firms and households within different markets.

Goods and Services

Products and activities that fulfill the needs or desires of consumers, with goods being tangible objects and services being intangible activities.

Factors of Production

The inputs used to produce goods and services, typically classified into four main categories: land, labor, capital, and entrepreneurship.