Intermediaries Make Possible the Flow of Products from Producers to Ultimate

question 293

Multiple Choice

Intermediaries make possible the flow of products from producers to ultimate consumers by performing three basic functions.According to figure 13-2 above, the term that would be used to describe the intermediary function in cell "A," would be _________.

• A)transactional function
• B)middleman function
• C)logistical function
• D)facilitating function
• E)operational function

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Definitions:

Nominal Scale

A measurement scale used in statistics for labeling variables without any quantitative value, where the order of the variables is insignificant.

Pie Graph

A graphical representation of data in a circular chart divided into sectors, where each sector shows the relative size of each value.

Ratio Scale

A measurement scale that possesses a meaningful zero value and allows for comparison of differences and ratios between measurement units.

Interval Scale

A type of scale used for measurement where intervals between values are meaningful and equally spaced, but there is no true zero.