Answer:
Yes: Middlemen represents costs
No: Middlemen could have exclusive access to customers
No: Cutting out middlemen will lead to unemployment on the long run
Explanation:
Why it is true that cutting off middlemen could reduce business costs in the sense that they (middlemen) usually buy from manufacturers and charge additional costs before selling to final users, it should also be known that sometimes these middlemen bridge the gap between supply and demand by taking the products from where they are produced to where the customers are found.
A second consideration is that cutting off middlemen will as a result create unemployment for all those middlemen that will be cut off.
What? didnt quite understand your question.
Answer:
C) supplier selection
Explanation:
The five stages of the business buying decision process are:
- Awareness and recognition: someone at the company identifies the need for a purchase.
- Specification and research: a detailed specification about what product is needed, quantity and technical requirements is elaborated. Using this information you start to search for potential vendors or suppliers that can offer the product.
- Request for proposals: vendors are contacted and you request them to send you their proposals regarding the products that you are looking for.
- Evaluation of proposals: the buying team must evaluate the proposals received form the potential vendors and select the most appropriate one.
- Order and review process: Price ans selling terms are negotiated, he order is placed and finally the products received are controlled to check that they meet the specifications.
Answer:
d) to receive a higher or lower dividend yield depending on current competitive market conditions
Explanation:
The floating rate feature on preferred stock allows the shareholders to receive a higher or lower dividend yield depending on current competitive market conditions. The reason is the dividend on preferred stock varies with change in market rates.
