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In setting up its distribution channel, Bowflex Fitness Equipment must account for the physical transfer of the product from its location to the consumer and must receive payment for the goods sold. These are part of the channel functions. All channel functions must be performed and have three things in common. Please list the three things that all functions have in common.
Effective Annual Rate
The interest rate on an investment or loan that accounts for the effect of compounding over a one-year period.
Retirement Supplement
Additional income or benefits provided to individuals upon retirement, often as part of pensions or savings plans.
Savings
Money set aside, usually in secure or low-risk accounts, for future use or emergencies, contributing to financial stability.
Discount Rate
The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows, influencing investment decisions and valuation.
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