Two Students, Nick and Lee, Were Studying for an Upcoming

question 117

Multiple Choice

Two students, Nick and Lee, were studying for an upcoming exam in their introduction to marketing course.While studying the chapter on marketing channels and wholesalers, Nick made the following statement: "if it weren't for wholesalers and other intermediaries in the channel of distribution, the products we buy would cost a lot less!" after contemplating Nick's statement, Lee said, "wait a minute.We learned in class that channel intermediaries actually make marketing more efficient by minimizing the number of transactions necessary to sell products." Lee's statement refers to

• A)value created by channel intermediaries.
• B)channel intermediary development.
• C)price inflation by channel intermediaries.
• D)channel intermediary promotional efforts.
• E)an inaccurate statement by Lee; Nick was correct.

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Definitions:

Tenth Digit

In the context of vehicle identification numbers (VIN), the tenth digit represents the model year of the vehicle.

Critical Parts

Essential components of a system or machinery that require regular maintenance and monitoring for safety.

Air Ratchet

A pneumatic tool used for loosening or tightening bolts or nuts with minimum effort, utilizing compressed air.

Impact Wrench

An air-powered tool for loosening lug nuts and other tight fasteners.