Which of the following describes layers of intermediaries performing some of the work to bring the product and its ownership closer to the final buyer?

Question

BlackTom AI · Accepted Answer

Let's restate the prompt to ensure understanding: the question asks which term describes layers of intermediaries that perform some of the work to bring the product and its ownership closer to the final buyer.
Option 1: Channel levels. This correctly captures the concept of intermediaries arranged in tiers or levels (such as producers, wholesalers, retailers) that perform logistics and transactional tasks to move the product toward the consumer. It emphasizes the layered structure of intermediaries within a channel.
Option 2: Marketing channels. While related, this term broadly refers to the entire set of pathways by which goods and information flow from producers to customers. It does not by itself specify the layered, tiered structure of intermediaries that bring ownership closer to buyers.
Option 3: Networking contacts. This refers to personal or professional connections rather than a formal, hierarchical set of intermediaries in a distribution system. It does not denote the layered channel concept described in the question.
Option 4: Supply chains. A supply chain covers the broader end-to-end sequence of activities from raw materials to final product delivery, including many processes beyond intermediary layers. It’s a wider concept than the specific notion of channel layers bringing ownership closer to buyers.
Option 5: Value delivery networks. This term typically describes a system of companies collaborating to deliver value to customers, focusing on networked relationships rather than discrete levels of intermediaries. It’s more about collaborative value creation than delineating layered channels.
In summary, the description focusing on multiple intermediary tiers that move ownership closer to the buyer aligns most closely with the idea of channel levels, whereas the other terms either describe broader concepts or different aspects of distribution and collaboration.

Test: Exam 3

Which of the following describes layers of intermediaries performing some of the work to bring the product and its ownership closer to the final buyer?

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Test: Exam 3

Which of the following describes layers of intermediaries performing some of the work to bring the product and its ownership closer to the final buyer?

View Explanation

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Similar Questions

Generally, the Blank ______ and more sophisticated a firm is, the Blank ______ likely it will be to use supply chain intermediaries.

Unlike Estée Lauder, which is a large and established firm with the resources to provide its own sales force to sell its products, what will smaller firms probably need to rely on to help to distribute their products?

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Which of the following channel functions of wholesalers is demonstrated when a buyer receives quicker delivery because wholesalers are located closer than are producers?

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Generally, the Blank and more sophisticated a firm is, the Blank likely it will be to use supply chain intermediaries.