The illegal practice of requiring retailers to not sell products below a minimum retail price is called ________ Deceptive pricing is outlawed by what act? __________ is the practice of charging a very low price for a product with the intent of driving competitors out of business

1. The illegal practice of requiring retailers to not sell products below a minimum retail price is called ________

resale price maintenance

2. Deceptive pricing is outlawed by what act?

Federal Trade Commission Act.

3. __________ is the practice of charging a very low price for a product with the intent of driving competitors out of business.

Predatory pricing

4. Individuals and firms involved in the process of making a good or service available for use or consumption by consumers or industrial users are considered members of a ______

marketing channel

5. Intermediaries make possible the flow of products from producers to buyers by performing three basic functions ______, ________, & ________

-Transactional functions
-Logistical functions
-Facilitating functions

6. The three degrees of distribution density are

intensive, exclusive and selective

7. The density of distribution where by a firm tries to place its products or services in as many outlets as possible is called __________ distribution. (convenience goods)

intensive distribution

8. Only one retailer in a specific geographical area carries the firms products (specialty goods)

Exclusive distribution

9. Firm selects a few retailer in a specific geographical area to carry its products

Selective distribution

10. What type of market coverage is usually associated with shopping goods?

Selective distribution