A (N)_______________ Protects an Intermediary from Having to Compete with Others

question 24

Multiple Choice

A (n) _______________ protects an intermediary from having to compete with others selling a producer's goods.

• A) Just-in-time Inventory Control Systems
• B) Materials Requirement Planning (MRP)
• C) Exclusive Dealing
• D) Exclusive Territory
• E) Tying Contract

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Definitions:

Market Forces

The economic factors affecting the price, demand, and supply of goods and services in a free market.

Railroads

Transportation networks consisting of tracks, trains, and stations used for the movement of goods and passengers, significantly contributing to economic development and expansion.

Second Industrial Revolution

A phase of rapid industrialization in the final third of the 19th century and the beginning of the 20th century, marked by significant advances in technology and production methods, including the spread of the steel industry and mass production.

National Market

An economic concept referring to the nationwide integration of economic activities and markets, facilitated by transportation, communication, and regulatory systems.