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Firms sell through intermediaries to leverage their expertise, distribution networks, and market knowledge, which can enhance efficiency and reach. Intermediaries can reduce the logistical burden on the firm, allowing it to focus on core activities like production and innovation. Additionally, they often provide access to a wider customer base and can help in managing inventory and sales processes more effectively. This collaboration can ultimately lead to increased sales and improved customer satisfaction.
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Why do savers and investors work through financial intermediaries?
Savers and investors work through financial intermediaries because these institutions provide expertise, liquidity, and risk management that individuals may lack. Financial intermediaries, such as banks and investment firms, facilitate the efficient allocation of capital by connecting those with surplus funds to those in need of financing. They also offer diversified investment options, reducing individual risk through pooled resources. Additionally, intermediaries can navigate complex financial markets, making it easier for savers and investors to achieve their financial goals.
What is markets in which firms sell their output of goods and services?
The product market is the market in which firms sell their output of goods and services.
The general willingness of firms to produce and sell a product at various prices is?
The general willingness of firms to produce and sell a product at various prices is known as supply.
What do economist call the things that firms sell wich cannot be touched or seen?
Economists call the things that firms sell which cannot be touched or seen goods and services.
How does differentiation help monopolistic competitive firms sell their products?
This allows firms to charge higher prices for their specific product.
Is Financial intermediaries are firms that extend credit to borrowers using funds raised from savers?
no
What are the environment?
The company itself (including departments).SuppliersMarketing Channel Firms (intermediaries)Customer MarketsCompetitorsPublic
What are the micro environment?
The company itself (including departments).SuppliersMarketing Channel Firms (intermediaries)Customer MarketsCompetitorsPublic
Who are marketing intermediaries that sell directly to final consumers?
Retailers
What are the micro environment forces?
The company itself (including departments).SuppliersMarketing Channel Firms (intermediaries)Customer MarketsCompetitorsPublic
Whole salers are firms that sell driectly to the consumer?
Retailers are firms that sell directly to the consumer, wholesalers are the firms that supply the retailers goods to sale to the consumers.
Why are marketing channels are important to firms?
when producer give some of selling jobs to channelsintermediaries, it means giving up some of its control over how and to whom thy sell their products and services...intermediaries can create greater efficiency in making producers product available to target market..through his contacts, experiences, specialization and scale of operations.
What are pharmacy-benefits management firms?
Pharmacy-benefits management firms, or PBMs, are essentially intermediaries that negotiate discounts with pharmaceutical companies for large employers and managed-care insurers or health plans.
Who are the actors in monetary policy?
• Central Banks • Financial Institutions (intermediaries, financial markets) • Lender-Savers (firms, government, households, foreigners) • Borrower-Spenders (firms, government, households, foreigners)
What is markets in which firms sell their output of goods and services?
The product market is the market in which firms sell their output of goods and services.
Which term means the amount that firms will produce and sell at a specific price?
Quantity supplied is the amount that firms will produce and sell at a specific price.
The general willingness of firms to produce and sell a product at various prices is?
The general willingness of firms to produce and sell a product at various prices is known as supply.
