In the Context of Market Channels, the Use of Local

question 21

Multiple Choice

In the context of market channels, the use of local distribution networks to reach target customers is identified in the ________ channel factor.

• A) cost
• B) coverage
• C) character
• D) continuity
• E) control

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Definitions:

Standard Price

A predetermined cost for a unit of material, labor, or overhead anticipated in the budgeting process, against which actual costs are compared.

Actual Output

The real quantity of goods or services produced by a company, as opposed to planned or expected output.

Standard Variable Overhead Rate

The rate used in budgeting and costing that applies variable overheads to a specific activity basis such as labor hours.

Direct Labour Hours

The aggregate hours employees devoted to the process of production have logged.