The Best Way to Reduce the Cost of Goods Is

question 121

True/False

The best way to reduce the cost of goods is to eliminate marketing intermediaries from the distribution channel.

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Definitions:

Defined Contribution Plans

A type of retirement plan where the employer, employee, or both make contributions on a regular basis, but future benefits are based on the amount contributed and the performance of the investment options chosen by the participant.

Cash

A form of liquid asset that represents money in physical form, such as banknotes and coins.

Employer

An entity or individual that hires employees or workers.

Pension Expense

The cost recognized by an employer for maintaining a pension plan for its employees over a period.