Retailers Simplify Distribution by Cutting the Number of Transactions Required

question 29

True/False

Retailers simplify distribution by cutting the number of transactions required by consumers,making an assortment of goods available in one location.

---

Definitions:

Accounts

Financial records that track the financial transactions and positions of a business, including assets, liabilities, revenue, and expenses.

Balances

The amount of money or value remaining in financial accounts, such as in banking or accounting.

December 31

The last day of the year, commonly used as a cutoff date for accounting and financial reporting purposes.

Reported

Refers to the provision of formal statements or accounts of financial activities or conditions.