Intermediaries Make Possible the Flow of Products from Producers to Ultimate

question 139

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 "B," would be _________.

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

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Definitions:

Short-Run Time Periods

A duration in which at least one input (like capital) in the production process is fixed, and only some costs can be varied.

Staffing Table

A Staffing Table is a document or tool used in human resources planning that outlines the current and future staffing needs of an organization, including positions and number of employees required.

HR Demand Requirement

The specific human resource needs of an organization, based on its strategic planning and operational requirements.

Level And Function

Terms used to categorize the hierarchy and job role within an organization, respectively, determining the responsibility, work complexity, and possibly the pay grade.