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Q: Why do you suppose the average cost of performing many distribution tasks are lower for intermediaries and facilitating agencies than for producers and manufacturers?
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Distinguish between selective distribution and exclusive distribution?

Selective distribution involves a producer using a limited number of outlets in a geographical area to sell products. An advantage of this approach is that the producer can choose the most appropriate or best-performing outlets and focus effort (e.g. training) on them. Selective distribution works best when consumers are prepared to "shop around" - in other words - they have a preference for a particular brand or price and will search out the outlets that supply.Exclusive distribution is an extreme form of selective distribution in which only one wholesaler, retailer or distributor is used in a specific geographical area.


Which hierarchical design model layer controls the flow of network traffic using policies and delineates broadcast domains by performing routing functions between virtual LANs?

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Why are the priest's more important than the peasants?

In many historical societies, priests were seen as conduits of divine power and intermediaries between the people and the gods. They played a crucial role in performing religious ceremonies, providing spiritual guidance, and maintaining social order through their influence. This elevated status often placed them above peasants in the societal hierarchy.


Who is a holy person in early communities?

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Why were priests only allowed in Ziggurats?

Priests were believed to be the only ones capable of communicating with the gods, making them necessary for performing rituals and offerings in the ziggurats. Their presence ensured that the proper religious ceremonies were carried out to maintain the connection between humans and the divine. Additionally, priests were highly respected figures in ancient societies and were seen as intermediaries between people and the gods.


What is the relationship between securitizatioln and the role of financial intermediaries inthe economy. What happen to financial intermediaries as securitization progresses?

- Securitization changes the basic role of financial intermediaries. Traditionally, financial intermediaries have pooled funds from investors loaned to firms in their place. - Securitization has enabled firms to offer these functions in the form of a security, in which case, the focus shifts to the more essential function i.e. distributing a financial product. (For example, in the above case, the bank, being the earlier intermediary, was eliminated, and instead the services of an investment banker were sought to distribute a debenture issue.) - Securitization seeks to eliminate fund based financial intermediaries for fee based distributors. (In the above example, the bank was a fund based intermediary, a reservoir of funds, whereas the investment banker was a fee based intermediary, a catalyst, a pipeline of funds. Hence, with the increasing trend towards securitization, the role of fee based financial services has been brought into the focus.) - In case of a direct loan, the lending bank was performing several intermediation functions as noted above. It was distributor, in the sense that it raised its own finances from a large number of small investors. It was appraising and assessing the credit risks in extending the corporate loan, and having extended it, it was managing the same. - Securitization splits each of these intermediary functions apart, each to be performed by separate specialized agencies. The distribution function will be performed by the investment bank, appraisal function by a credit rating agency, and management function, possibly by a mutual fund which manages the portfolio of security investments by the investors. Hence, securitization replaces fund based services with several fee based services. This is mainly from http://www.citeman.com/5298-securitization-capital-markets-structured-financial-and-others/


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