Distributors Add Value to a Supply Chain Between a Supply

question 33

Multiple Choice

Distributors add value to a supply chain between a supply stage and a customer stage

• A)if there is a small number of customers requiring a large amount of product.
• B)if there is a large number of customers requiring a large amount of product.
• C)if there are many small players at the customer stage,each requiring a small amount of the product at a time.
• D)if there are a few large players at the customer stage,each requiring a large amount of the product at a time.

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Definitions:

Quantity Demanded

The total amount of a product or service that consumers are willing and able to purchase at a given price.

Substitute Good

A product or service that consumers can use in place of another product or service, fulfilling a similar need or want.

Complementary

Referring to goods or services that enhance or add value to each other when used or consumed together.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.