Nadia Works for a Major Soda Distributor

question 63

Multiple Choice

Nadia works for a major soda distributor.Recently the company has begun to discuss buying a transportation company to move their product from their own manufacturing facility to the consumer.This is an example of _______________.

• A) Insourcing
• B) Vertical Marketing System (VMS)
• C) Corporate VMS
• D) Contractual VMS
• E) Administered VMS

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Definitions:

Standard Of Living

The scale of monetary assets, amenities, worldly possessions, and survival necessities allotted to a distinct class or demographic region.

Market Shortage

A situation where the demand for a product exceeds its supply in the market, leading to scarcity.

Equilibrium Price

The price at which the supply of an item equals the demand for it, resulting in no excess supply or demand.

Binding Price Ceiling

A maximum price set by the government below the equilibrium price, leading to shortages as the demand exceeds supply.