Match Each Item with the Correct Statement Below

question 149

Multiple Choice

Match each item with the correct statement below.
-Channel intermediaries that take title to goods they handle and then distribute these goods to retailers,or business or B2B customers are known as _____.

• A)marketing mix
• B)specialty products
• C)product
• D)services
• E)convenience products
• F)impulse goods
• G)installations
• H)wholesalers
• I)business-to-business (B2B)
• J)supplies
• K)emergency goods
• L)shopping products
• M)component parts and materials
• N)staples
• O)product mix
• P)product line
• Q)line extension
• R)total quality management
• S)product lifecycle
• T)benchmarking

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, stabilizing the market.

Efficiency

A measure of how well resources are used to achieve a goal, typically minimizing waste and cost while maximizing output or outcomes.

Least Possible Cost

The minimum expense required to achieve a particular economic objective.

General Equilibrium

A situation in which supply and demand are balanced across all markets in the economy.