The Logistical Function Performed by Intermediaries That Involves Maintaining Inventory

question 112

Multiple Choice

The logistical function performed by intermediaries that involves maintaining inventory and protecting goods of manufacturers is called:

• A)promotion.
• B)financing.
• C)risk taking.
• D)physical distribution.
• E)selling.

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Definitions:

Accounting Profit

The total revenue of a firm minus its explicit costs, reflecting the financial gain calculated using standard accounting principles.

Total Revenue

The entirety of income generated from sales activities, without deducting any expenses.

Corn Producer

An entity or individual involved in the cultivation and production of corn crops.

Economic Profit

The profit a firm makes after subtracting both its explicit (out-of-pocket) and implicit (opportunity) costs.