The Primary Role of All Marketing Intermediaries Is To

question 79

Multiple Choice

The primary role of all marketing intermediaries is to:

• A) bring supply and demand together in an efficient and orderly fashion.
• B) create timely demand for products that a manufacturer produces.
• C) produce goods and services efficiently to meet the demands of customers.
• D) prevent customers from making poor buying decisions.

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Definitions:

Universal Coverage

A health care system that guarantees access to necessary health care services for all individuals, regardless of their financial status or pre-existing health conditions.

Marginal Cost

The cost of producing one additional unit of a product, often used in decision-making processes regarding production levels.

Average Total Cost

The total cost of production divided by the quantity of output produced; it includes all variable and fixed costs.

Medicare and Medicaid

U.S. government programs that provide health insurance to the elderly, disabled (Medicare) and individuals/families with low income (Medicaid).