A Direct Channel Exists When

question 47

Multiple Choice

A direct channel exists when

• A) producers and end users deal with each other on a one-on-one basis.
• B) the producer and consumer perform numerous channel functions.
• C) a firm reaches different buyers by employing two or more different types of channels for the same basic product.
• D) an intermediary sells to other intermediaries, usually to retailers in consumer markets.
• E) an agent or broker brings ultimate consumers to manufacturers.

Compute physical units and equivalent units for materials and conversion costs.

Determine unit costs for materials, conversion costs, and total manufacturing costs.

Prepare journal entries for transactions in process cost accounting.

Understand stakeholder interests and ethical considerations in financial reporting for production.

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Definitions:

Functional Departmentation

The process of grouping organizational activities into separate units or departments based on functions such as marketing, finance, and human resources.

Professional Development

Ongoing learning and training activities that individuals engage in to enhance their skills, knowledge, and competencies for career advancement.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Matrix Structure

An organizational design that combines two or more types of structures, typically functional and product-based, to leverage the advantages of both.