Goods That Have Been Produced but Not Yet Sold Are

question 139

Multiple Choice

Goods that have been produced but not yet sold are referred to as

• A)understocks.
• B)inventories.
• C)pre-sold goods.
• D)capital goods.

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Definitions:

Facilitating Functions

Activities that help in the smooth exchange of products and services between producers and consumers, such as financing, marketing information management, and logistics.

Channel Intermediaries

Firms or individuals such as wholesalers, agents, brokers, and retailers who help move a product from the producer to the consumer or business user.

Financing

The act of providing funds for business activities, making purchases, or investing.

Logistical Function

The activities involved in obtaining, producing, and distributing materials and products in the proper place and condition at the right time.