When You Buy Direct from a Manufacturer from Their Web

question 118

Short Answer

When you buy direct from a manufacturer from their Web site, eliminating the distributor and maybe the retailer, you are engaging in the process of __________ .

Understand the role and types of intermediaries in distribution channels.

Learn about the operational and financial implications of leasing versus owning business premises.

Recognize legal requirements affecting location decisions, including accessibility and zoning laws.

Acknowledge the influence of urban economic conditions on business success.

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Definitions:

Accounts Receivable

Funds that are due to a company from its clients for the delivery of goods and services which payment is pending.

Net Assets

The total assets of a company minus its total liabilities; a measure of its financial health and value.

Equity

The value of an owner's interest in a property or business, calculated as the difference between the total assets and total liabilities.

Liabilities

Liabilities are obligations arising from past transactions expected to lead to an outflow of resources embodying economic benefits.