Distribution Channels Create Efficiencies by Reducing the Number of Transactions

question 47

Multiple Choice

Distribution channels create efficiencies by reducing the number of transactions necessary for goods to flow from different manufacturers to large numbers of customers.One of the ways this occurs is through ________.

• A)relationship management
• B)creating assortments
• C)cost-based pricing
• D)the creation of atmospherics
• E)the absence of economies of scale

Explain the impact of person-job matching on organizational efficiency and recommend strategies for improvement.

Articulate arguments for the consideration of personality traits in the hiring process of organizations.

Develop strategies to resolve ethical dilemmas in international business transactions.

Describe the influence of dominant company values on organizational success and employee alignment.

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Definitions:

Demand Equals Supply

An economic condition where the quantity demanded by consumers matches the quantity supplied by producers, leading to market equilibrium.

Numeraire

A standard unit of measurement in economics used to represent prices or values of other goods in terms of this unit.

Utility Function

A mathematical representation that attaches a level of utility (satisfaction) to each possible basket of goods, allowing the ranking of these baskets from least to most preferred.

Edgeworth Box

A diagram used in economics to show various distributions of resources and to analyze competitive equilibria between two agents with fixed resources.