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TYPE OF FUNCTION ACTIVITIES RELATED TO FUNCTION - Buying: Purchasing products for resule or as an agent for supply of a product - Selling: Contacting
TYPE OF FUNCTION ACTIVITIES RELATED TO FUNCTION - Buying: Purchasing products for resule or as an agent for supply of a product - Selling: Contacting potential customers, promoting products, and seeking orders - Risk taking: Assuming business risks in the ownership of inventory that can become obsolete or deteriorate - Assorting: Creating product assortments from several sources to serve customers - Storing: Assembling and protecting products at a conveniont location to offer better customer service - Sorting. Purchasing in large quantities and brecking into smalfer amounts desired by customers - Transporting: Physically moving a product to customess - Financing: Extending credit to customers - Grading Inspecting, testing, or judging products, and assigning them quality grades - Marketing informstion and research: Prowiding informution to customers and suppliers, including competitive conditions and trends 43. Intermediaries perform three basic functions. According to Figure 152 above, "A" represents a(n) a. middleman function b. logistical function c. facilitating function d. operational function e. transactional function 44. Intermediaries perform three basic functions. According to Figure 152 above, " B " represents a(n) a. logistical function b. transactional function c. middleman function d. facilitating function e. function 45. Intermediaries perform three basic functions. According to Figure 152 above, " C " represents a(n) a. transactional function b. facilitating function c. middleman function d. logistical function e. operational function
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