Which of the Following Primary Activities Describes Collecting, Storing, and Physically

question 66

Multiple Choice

Which of the following primary activities describes collecting, storing, and physically distributing products to buyers?

• A) customer service
• B) sales and marketing
• C) outbound logistics
• D) operations/management

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Definitions:

F.O.B. Shipping Point

Purchaser pays or is responsible for the shipping costs from seller’s shipping point to purchaser’s location.

Discount Period

The established period after a sale during which a customer can pay the invoice at a reduced rate, incentivizing quicker payments and enhancing cash flow.

Merchandise Inventory

Goods that a company holds with the intent of selling them to customers.

Accounts Payable

Liabilities or amounts owed by a business to creditors for purchases or services rendered that haven't been paid for yet.