The Most Promising Products for Trading Internationally Via the Internet

question 38

Multiple Choice

The most promising products for trading internationally via the internet are those:

• A)Where existing intermediaries do not perform the traditional wholesaler functions due to the high cost of servicing small, diverse and geographically dispersed players
• B)That have many buyers and sellers operating internationally
• C)That can be placed on auction sites to attract the highest bidder
• D)Where existing retailers are not taking advantage of the opportunities that the internet provides
• E)All of the above

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Definitions:

Assembly Department

A division within a manufacturing facility where parts are put together to make a final product.

Cost Reconciliation Report

A document summarizing the costs in a production process, comparing expected costs to actual costs, and explaining differences or variances.

Weighted-Average Method

A cost accounting method used to calculate the cost per unit of inventory by considering the weighted average of the costs of the items available for sale.

Total Cost Accounted For

The comprehensive total of all costs recorded and allocated for a specific purpose or project.