In _____ Channel Systems, the Channel Members Agree by Contract

question 49

Multiple Choice

In _____ channel systems, the channel members agree by contract to cooperate with each other.

• A) contractual
• B) traditional
• C) selective
• D) corporate
• E) administered

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Definitions:

Technological Advances

Improvements in technology that enhance productivity, efficiency, and quality in the production of goods and services.

Conserve

To use or manage resources wisely to prevent wastage.

Economists

Professionals who study how societies use available resources to produce valuable commodities and distribute them among different people.

Short Supply

indicates a situation where the availability of a product or resource is less than the demand for it, often leading to higher prices.