Type of distribution in which producers rely on a few intermediaries to carry their product.

Type of distribution where the reseller carries only the producer’s products at the exclusion of other products.

It is the activity of buying, selling, or exchanging goods or services between people, firms, or countries.

It is the connection between the supply and demand.

___ is how much a product is desired vs ___ how much the market can offer

It is a medium through which a change of ownership of food occurs.

Three sets of functions of a marketing system

It is a set of practices or activities necessary to transfer the ownership of goods, and to move goods, from the point of production to the point of consumption.

Relationship between price and demand

Relationship between price and supply

It happens when the consumers’ demand for goods and services is equal to the goods and services by the producer

Price controls that set maximum prices

Price controls that set minimum prices

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