Which of the Following Are the Three Major Types of Vertical

question 99

Multiple Choice

Which of the following are the three major types of vertical marketing systems?

• A) Corporate, contractual, and chain
• B) Contractual, corporate, and independent
• C) Contractual, corporate, and administered
• D) Administered, independent, and franchised
• E) Contractual, corporate, and task

---

Definitions:

Isoquants

Curves on a graph that represent different combinations of factors of production that yield the same level of output.

Factors of Production

The inputs used in the production of goods or services in the process of creating economic value, typically including land, labor, capital, and entrepreneurship.

Isoquant

An isoquant is a curve that represents all the combinations of inputs that produce the same level of output in the production process.

Slope

In mathematics and economics, it is the measure of the steepness or incline of a line, often representing the rate of change between two variables.