Which of the Following Statements About Place Is True

question 24

Multiple Choice

Which of the following statements about Place is true?

• A) Most consumer products and most business products are sold to intermediaries who then sell them to final customers.
• B) Place decisions are usually harder to change than other marketing mix decisions.
• C) There is always one Place arrangement that is "best" for a product.
• D) A series of individuals who aid in the flow of goods and services from producer to final customer is called a distribution network.
• E) None of these statements about Place is true.

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Definitions:

Globalization

Increased economic, political, and social interconnectedness and interdependence among societies in the world.

Per Capita GNI

A measure of a country's economic output that accounts for its number of people; it divides the gross national income by the population size.

Cash Economy

An economic system where transactions are conducted with the direct exchange of physical currency, as opposed to digital or credit transactions.

Modernization Theory

A theory that suggests societies progress through a series of stages of economic development, from traditional to modern.