A lease on agricultural land cannot exceed:

Listing agreements and buyer broker agreement may be terminated and all of the following ways except for

A) full performance B) death of the principal C) mutual recession D) unilateral recession

What is the major difference between a conventional marketing channel and a vertical marketing system (VMS)?

A) Elements in a conventional marketing channel act as separate businesses whereas the elements in a VMS act as a unified system. B) A VMS has many intermediaries whereas a conventional marketing channel has a limited number of intermediaries. C) A VMS is characterized by an independent producer whereas a conventional marketing channel is characterized by multiple producers. D) A conventional marketing channel has elements such as retailers and wholesalers whereas these elements are not present in a VMS. E) Producers have complete control over the other members in a conventional marketing channel whereas this control is minimal in a VMS.