When Determining the Number of Channel Members to Use at Each

question 69

Multiple Choice

When determining the number of channel members to use at each level,three strategies are available: intensive,exclusive,and distribution.

• A)multichannel
• B)extensive
• C)direct
• D)international
• E)selective

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Definitions:

Lower Of Cost

Refers to a valuation principle that directs inventory and other assets to be recorded at the lower of either the original cost or the current market value.

Net Realizable Value

The estimated selling price of inventory in the ordinary course of business minus any estimated costs necessary to make the sale, used in determining the value of ending inventory.

Inventories

The total amount of goods and materials held by a company for the purpose of resale or production.

Days In Inventory

A financial ratio indicating the average number of days the company takes to turn its inventory into sales.