A Firm Would Prefer an Administered Channel System to a Corporate

question 19

Multiple Choice

A firm would prefer an administered channel system to a corporate channel system for all the following reasons except:

• A) Managing all manufacturing, wholesaling, and retailing functions in a channel is too challenging.
• B) Administered channel systems are more costly to operate than corporate systems.
• C) Corporate channel systems offer more control over marketing activities than administered systems.
• D) Administered channel systems offer good enough channel cooperation for the firms' distribution needs.
• E) Administered channel systems have some of the same benefits of corporate channel systems but without the expense.

Differentiate between bankruptcy and insolvency.

Explain the implications of a bulk sale under certain jurisdictions.

Understand the role and powers of a trustee in bankruptcy proceedings.

Understand the relationship between price, supply, and demand in determining market equilibrium.

---

Definitions:

Genetically Based

Traits or conditions determined by genes inherited from one's parents.

Social Investment Theory

The idea that personalities mature as people enter important adult social roles such as establishing a career and starting a family.

Humanism

A philosophical and ethical stance emphasizing the value and agency of human beings, individually and collectively.

Social Learning Theory

A theory that suggests people can learn new behaviors and attitudes through observation, imitation, and modeling from others.