Item $39$

Intermediaries perform three basic functions. In Figure $15-2,$ C represents a$($n$)\_\_\_\_\_$Blank function.

A chart describing activities related to three functions marked, A$,$ B$,$ and C$.$"The types of functions and the activities related to the functions are as follows:A$.$Assorting: creating product assortments from several sources to serve customers; storing: assembling and protecting products at a convenient location to offer better customer service; sorting: purchasing in large quantities and breaking into smaller amounts desired by customers; transporting: physically moving a product to customers. B$.$Financing: extending credit to customers; grading: inspecting, testing, or judging products and assigning them quality grades; marketing information and research: providing information to customers and suppliers, including competitive conditions and trends.C$.$Buying: purchasing products for resale 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."

Multiple Choice

middleman

logistical

facilitating

operational

transactional