________ Save(s) Customers Money by Avoiding the Middleman; Sometimes It

question 12

Multiple Choice

________ save(s) customers money by avoiding the middleman; sometimes it leads to more rapid delivery of the product.

• A) Infomediaries
• B) Disintermediation
• C) Indirect selling
• D) All of the above

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Definitions:

Auctioneer

A person who conducts auctions by calling out prices and selling items to the highest bidder.

Estoppel

A legal principle that prevents a party from asserting a claim or right that contradicts what they have previously stated or agreed to by their actions.

Express Authority

Pertains to the power explicitly granted by one party to another, typically in writing, to perform specific acts or functions.

Implied Authority

Powers not expressly stated but assumed to be granted in order for an individual to carry out duties effectively.