A Distribution Channel Is

question 231

Multiple Choice

A distribution channel is

• A) an intermediary who sells products directly to consumers.
• B) an intermediary who sells products to other businesses for resale to final consumers.
• C) the combination of distribution channels by which a firm gets its products to end users.
• D) an individual or firm that helps to distribute a product.
• E) a network of independent companies through which a product passes from producer to end user.

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Definitions:

First-In, First-Out

An inventory valuation method where the goods first purchased or produced are also the first to be sold, impacting the cost of goods sold and inventory value.

Average Cost

A calculation used in finance and economics that divides the total cost of production by the number of goods produced, yielding the cost per unit.

Perpetual Inventory System

An accounting method that records inventory updates continuously as sales and purchases occur.

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first sold, used to determine the cost of goods sold and remaining inventory.