Each of the Following Describes Retailing except

question 14

Multiple Choice

Each of the following describes retailing except

• A) a retailer is a sales intermediary.
• B) many manufacturers sell directly to consumers and through wholesalers and retailers.
• C) e-tailing makes it easier for a manufacturer to sell directly to customers by cutting out the intermediary.
• D) companies that produce a large number of products, such as Procter & Gamble, do not need retailers for efficient distribution.

---

Definitions:

Operating Activities

The cash flows related to the core operations of a business, including revenues and expenses.

Indirect Method

The indirect method is a technique used in financial accounting to prepare the cash flow statement, where net income is adjusted for non-cash transactions and changes in working capital to find net cash from operating activities.

Cash Outflows

Money going out of a business for any expense, investment, or payment.

Financing Activities

Transactions involving raising capital and repaying it to owners, including issuing equity, settling loans, and paying dividends.