Which of the Following Statements About Resident Buyers Is True

question 46

Multiple Choice

Which of the following statements about resident buyers is true?

• A) They are independent buying agents who work for a particular retailer or wholesaler customer.
• B) They operate in rural markets in developing countries.
• C) They buy fill-in items once a year for their customers.
• D) They help small channel members reach each other inexpensively.
• E) They usually are paid a monthly commission based on the market they work in.

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Definitions:

Output

The total quantity of goods or services produced by an individual, firm, or country over a specified period.

Government Deregulation

The process of reducing or eliminating government rules controlling how businesses can operate, often to encourage more competition and innovation.

Economies of Scale

Enterprises gain cost benefits from their scale of operation, which typically results in the cost per unit of output decreasing as the scale increases.

Economic Profit

The total revenue of a business minus its explicit and implicit costs.