Which of the following statements about marketing intermediaries is true? marketing intermediaries survive because they can perform marketing functions faster and more cheaply than producers and consumers. marketing intermediaries and their functions can be eliminated. all channels of distribution must contain at least one marketing intermediary. the costs added to products by marketing intermediaries usually exceed the value they add to products.

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: