Purchasing Products in Large Quantities and Breaking Them into Smaller

question 186

Multiple Choice

Purchasing products in large quantities and breaking them into smaller amounts desired by customers would be an example of a __________ function performed by a channel intermediary.

• A)logistical
• B)transactional
• C)facilitating
• D)transporting
• E)risk taking

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Definitions:

Central Bank

An institution that manages a state's currency, money supply, and interest rates, often overseeing the commercial banking system of its country.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level, at a specific time.

Quantity Supplied

The volume of a commodity or service that sellers are ready and able to put on the market for a certain price within a designated period.

Reserves

Funds or materials set aside for future use or in case of an emergency, often referring to financial or resource stockpiles.