Distributor Refers to

question 100

Multiple Choice

distributor refers to

• A) intermediaries who perform a variety of distribution functions, including selling, maintaining inventories, extending credit, and so on.
• B) an intermediary who sells only to manufacturers.
• C) an intermediary who takes possession of a product, alters it in some way, and then sells it to the ultimate consumer.
• D) an intermediary who sells to other intermediaries, usually to retailers.
• E) an intermediary who sells only to other intermediaries.

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Definitions:

Trade

The exchange of goods and services between people or entities, either within an economy or between economies.

Comparative Advantage

The competence of any individual, firm, or national economy to generate a good or perform a service with a lower sacrifice in alternative opportunities compared to others in the market.

Increasing Costs

A situation in which the costs of production increase as the total output increases, often due to factors like labor and material shortages.

Specialization

The practice of focusing on a specific area or activity to achieve greater efficiency and productivity.