Which of the Following Statements Is True of Channel Members

question 58

Multiple Choice

Which of the following statements is true of channel members?

• A)Merchant wholesalers create form utility.​
• B)Agents and brokers take ownership of goods in the marketing channel.​
• C)They provide generalization of labor.​
• D)​They provide contact efficiency.

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Definitions:

Variable Overhead Efficiency Variance

This variance measures the difference between the actual hours taken to produce a good and the standard hours expected, multiplied by the variable overhead rate per hour.

Variable Overhead

Costs that vary in direct proportion to changes in the operational activity of a business, such as utility bills or raw material costs.

Budgeted Production

represents the amount of production planned for a future period as part of the budgeting process.

Standard Cost System

An accounting system that uses standard costs for cost control and decision making.