In Terms of Distribution, When Marketing Channel Members Are Engaged

question 92

Multiple Choice

In terms of distribution, when marketing channel members are engaged in buying, selling, and risk taking, they are performing ________ functions.

• A) logistical
• B) merchandising
• C) facilitating
• D) implementation
• E) transactional

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Definitions:

Fixed Assets

Fixed assets are long-term tangible assets intended for use in the production or supply of goods or services, not easily converted to cash within a year.

Residual Value

The estimated salvage value of an asset after its useful life is over.

Fully Depreciated

Describes an asset that has reached the end of its useful life, with its cost fully expensed against income over its defined accounting period.

Equipment

Tools, machinery, and other durable assets used by a business in its operations to produce goods or services.