Match Each Item with the Correct Statement Below

question 111

Multiple Choice

Match each item with the correct statement below.
-Controlling part of the supply chain that involves finished product storage,outbound logistics,marketing and sales,and customer service is called _____.

• A)distribution channel
• B)forward integration
• C)logistics
• D)dual distribution
• E)direct selling
• F)intensive distribution
• G)selective distribution
• H)exclusive distribution
• I)tying agreement
• J)backward integration
• K)administered marketing system
• L)corporate marketing system
• M)contractual marketing system
• N)private carriers
• O)materials handling system
• P)franchise
• Q)common carriers
• R)upstream management
• S)suboptimization
• T)downstream management

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Definitions:

Levels

Levels refer to the different positions or stages in a hierarchical structure or process, indicating varying degrees of magnitude, importance, or progress.

Efficient Scale

The level of production that minimizes long-term average total costs, resulting from economies of scale without incurring diseconomies of scale.

Marginal Cost

The supplementary cost attached to the output of an additional product or service unit.

Diminishing Marginal Product

The principle stating that as one inputs more of a factor of production while holding other inputs constant, the added output produced from each additional unit of the variable input eventually decreases.