Retailers simplify distribution by cutting the number of transactions required by consumers, making an assortment of goods available in one location
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
Retailers simplify distribution by cutting the number of transactions required by consumers, making an assortment of goods available in one location. Retailers are those firms in a marketing channel that sell directly to consumers as their primary function.
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Which of the following describes how standardized an organization's jobs are and the extent to which employee behavior is guided by rules and procedures?
a. formalization b. centralization c. chain of command d. work specialization e. departmentalization
Why would a person invest in junk bonds?
(A) The person does not know anything about investments. (B) Junk bonds have high bond ratings. (C) Most junk bonds have low interest rates. (D) Junk bonds can pay very high interest rates.