Channel Members Add Their Value by Bridging Gaps in Form

question 77

Multiple Choice

Channel members add their value by bridging gaps in form, time, place, and ownership that naturally exist between ________.

• A) consumers and transporters
• B) facilitating agents and transporters
• C) producers and consumers
• D) producers and retailers
• E) distributors and agents

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Definitions:

Actual Operations

The real, observed activities and results of a business's operations, as opposed to projections or estimates.

Materials Quantity Variance

The variance between the real amount of materials consumed in the production process and the anticipated standard amount, times the standard unit cost.

Direct Materials Purchases Variance

A measure used in accounting to analyze the difference between the budgeted cost of materials needed for production and the actual cost incurred.

Actual Production

The real quantity of goods or services produced in a specified period, as opposed to planned or expected production levels.