Why would a producer use wholesalers rather than sell directly to retailers or consumers?
What will be an ideal response?
Wholesalers add value by performing one or more of the following channel functions: selling and promotion, buying and assortment building, bulk breaking, warehousing, transportation, financing, risk bearing, providing market information, and giving management services and advice. Wholesalers can perform many channel functions more efficiently and effectively than a producer can, allowing the producer to focus its energies on creating its product.
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In ________, a salesperson goes to the home of a host who has invited friends, demonstrates the products and takes orders
A) catalog marketing B) franchising C) direct-response selling D) network marketing E) direct marketing
__________ means that a company will buy back those receivables that are not collected by the company they are factored to
Fill in the blank(s) with correct word
A sales tax on cigarettes would likely decrease the quantity demanded by a smaller amount
A) for smokers who view cigarettes as a necessity. B) for smokers who are not addicted. C) for smokers with smaller incomes. D) the longer the time elapsed. E) for smokers who view cigarettes as a luxury.
A preexisting duty ________ consideration to support a new contract.
A. is sufficient B. in government contracts can be sufficient C. between family members is sufficient D. is not sufficient