Which of the following is NOT one of a wholesaler's typical channel functions?
A) financing
B) simplifying product flows between producers and customers
C) simplifying information flows between producers and customers
D) off-price retailing
E) storing goods
D
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Firms in a declining industry that engage in a long, systematic phased withdrawal from the industry, extracting as much value as possible during the withdrawal period, are following a(n) ________ strategy
A) niche B) expansion C) divestment D) harvest
Under the UCC, a merchant is not one who:
a. uses an agent who holds herself out as having special knowledge about the goods sold b. has an Internet site that links to sellers of multiple goods c. regularly deals in goods of the kind involved in transactions d. presents himself as having skill specialized in the transactions e. all of the other choices are included in the definition of a merchant