Briefly describe the basic types of intermediaries
What will be an ideal response?
Merchants—such as wholesalers and retailers—buy, take title to, and resell the merchandise. Agents—such as brokers, manufacturers' representatives, sales agents—search for customers and may negotiate on the producer's behalf but do not take title to the goods. Facilitators—for example, transportation companies, independent warehouses, banks, and advertising agencies—assist in the distribution process but neither take title to goods nor negotiate purchases or sales.
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Identify the product-oriented promotion where free merchandise is provided with a purchase or some free or reduced-price item for which the buyer must send in proof-of-purchase, with or without money
A) sweepstakes B) premiums C) sampling D) off-invoice allowances
When the chi-square test statistic is greater than the chi-square critical value when comparing two or more population proportions, we fail to reject the null hypothesis
Indicate whether the statement is true or false