A Group of Organisations and Individuals That Directs the Flow

question 79

Multiple Choice

A group of organisations and individuals that directs the flow of products from producers to the ultimate consumers is called a:

• A)marketing intermediary.
• B)supply chain.
• C)marketing channel.
• D)distribution network.
• E)strategic channel alliance.

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Average Annual Sales

Average annual sales represent the mean revenue a company generates per year over a specified period, commonly used to assess business performance and growth trends.

Credit Policy

Guidelines that a company follows to determine credit limits and terms for customers, which affects how and to whom credit is extended.

Cost Of Sales

This refers to the direct costs attributable to the production of the goods sold by a company, including material and labor costs.