Why would a producer prefer direct distribution?
A. because customers are usually widely dispersed across geographic areas
B. because it has more business transactions
C. because business products always use direct distribution
D. because they can handle orders that are smaller in size
E. because they want to maintain control of the marketing mix
Answer: E
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Which of the following is an event that helped spur the inception of the global economy?
A. The opening of Asian markets to foreign investors. B. Improved race relations worldwide. C. The industrial revolution. D. The invention of the Internet. E. The increasing regulation of economies across the world.
The length of time a note is outstanding (that is, the period of time between the date it is issued and the date it matures) is called the ____________________
Fill in the blank(s) with correct word
North Mining Company and South Excavation Company agree to abide by the decisions of East Coast Financial Corporation as to their respective levels of production, markets, and prices, effectively reducing competition and increasing profits. This is most likely
a. a common, legal, time-honored type of business arrangement. b. an illegal restraint on trade. c. an innovative, legally efficient approach to doing business. d. an outdated, but legal business trust.
If a variable other than demand is random (price, fixed or variable cost, etc.) the problem of break-even analysis becomes much more complex
Indicate whether the statement is true or false