Functions Provided by Channel Intermediaries That Make the Purchase Process

question 80

Multiple Choice

Functions provided by channel intermediaries that make the purchase process easier for customers and manufacturers are referred to as ________ functions.

• A)distributing
• B)facilitating
• C)management
• D)marketing
• E)wholesaling

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Definitions:

Notes Receivable

A financial asset representing a promise to pay a specific amount of money, plus interest, to the holder of the note at a future date.

NSF Check

Non-Sufficient Funds Check; a check that cannot be processed because the account on which it is drawn does not have enough funds.

Bank Service Charges

Fees charged by banks for various services such as account maintenance, transactions, and overdrafts.

Other Income

Comprises earnings from sources other than the main business activities, such as interest, dividends, or rental income.