In Terms of Channel Length,the More Fragmented the Retail System,the

question 41

True/False

In terms of channel length,the more fragmented the retail system,the less expensive it is for a firm to make contact with each individual retailer.

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Definitions:

Capital

The wealth in the form of money or other assets owned by a person or organization, or available for a purpose such as starting a company or investing.

Purchases

The total cost of goods acquired by a company for resale or use in production during an accounting period.

Freight-In Account

An accounting term for the cost of transporting goods into a business, which is part of the cost of goods sold.

Income Summary

An account in the ledger that is used during the closing process to collect all the temporary account balances before transferring the net result to the capital account.