RHKurt & Son,Inc

question 47

Multiple Choice

R.H.Kurt & Son,Inc. ,distributes rifles for both hunting and target shooting,rifle barrels,triggers,cleaning equipment,and reloading equipment to sporting equipment retailers and many large discount stores.It carries products from 41 different manufacturers.The manufacturers whose products it carries are known for producing superior products and are leaders in their industries.In addition,Kurt is able to repair damaged rifles through its gunsmith service,which is available to all of its retailers.
-Refer to R.H.Kurt.When Kurt solicits an order from a sporting goods store,it engages in a _____ function.

• A) logistical
• B) functional
• C) facilitating
• D) customerized
• E) transactional

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Definitions:

Intangible Assets

Intangible assets are non-physical assets owned by a business, such as patents, trademarks, goodwill, and licensing agreements, known for their long-term value.

Long-Term Debt

Loans and financial obligations lasting over one year that are used to finance a company's operations.

Book Value

The value of an asset according to its balance sheet account balance, subtracting any liabilities or depreciation.

Depreciation

In accounting, a process for allocating a physical asset's cost over the duration of its effective life.