A Relationship That Depends on the Basic Behavior of Consumers

question 201

Multiple Choice

A relationship that depends on the basic behavior of consumers and firms and remains unchanged over long periods is called a ________ relationship.

• A)frictional
• B)structural
• C)cyclical
• D)dynamic

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Definitions:

Packing Slip

A Packing Slip is a document included with a package that lists the contents of the shipment, used to inform both the sender and receiver about the package's contents without opening it.

Invoice

A listing of products or services rendered that is used when billing for that product or service.

Shipment

The act of sending goods or cargo from one place to another via a variety of modes of transport.

Purchase Agreement

A legal document outlining the terms and conditions under which a sale is made, including details of the buyer, seller, property, and price.