Concept says that all transporting, storing, and product-handling activities of a business and a channel system should be thought of as part of one system which should seek to minimize the cost of distribution for a given customer service level.

Holly created a saving and investing plan over twelve years ago. She has not looked at it or made any changes to it. What saving and investing principle should Holly have followed? -Understand your risk tolerance.-Diversify.-Keep investments simple.

Land and mineral resources, transportation and communication facilities, factories and form buildings, equipment, tools and machinery are all examples of

Look at the map showing the European Union (EU) and its free-trade agreement (FTA) countries. Which of the following is true of most of the negotiating countries? a. They transport most exports by land. b. They have access to the ocean. c.

Suppose the state of Wyoming passes a law that increases the tax on cigarettes. As a result, smokers who live in Wyoming start purchasing their cigarettes in surrounding states. Which of the following principles does this best illustrate?

In a contract, what is consideration? A. breaching the contract B. A business torch C. Exchanging things of value D. The minimum age for the contract

Carrvour Inc. is a company that manufactures steel, cement, cars, and consumerelectronics under a single brand.

What changes would not shift the demand curve for a good or service?

Suppose the economy is in long-run equilibrium. In a short span of time, there is a sharp rise in the stock market, an increase in government purchases, an increase in the money supply and a decline in the value of the dollar. In the short run a.

All externalities: A. cause equilibrium prices to be too high. B. cause equilibrium prices to be too low. C. benefit producers at the expense of consumers. D. cause markets to fail to allocate resources efficiently.

What is the relationship between granting patents, enforcing contracts, protecting property rights, and providing public services? A. the consumer does not need these B. the government provides us with all of these C.