A Distribution Channel Is the Route a Product Takes from the Place

question 44

True/False

A distribution channel is the route a product takes from the place it is made to the customer who is the end user.

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Definitions:

Operating Cycle

A measure of the time it takes for a business to purchase inventory, sell products, and convert sales into cash.

Invoice Date

This is the date on which an invoice is issued, marking the point when the seller officially requests payment from the buyer for goods or services provided.

Terms of Sale

Conditions agreed upon by a buyer and seller regarding the purchase, including payment and delivery conditions.