Which of the Following Statements About Place Is True

question 24

Multiple Choice

Which of the following statements about Place is true?

• A) Most consumer products and most business products are sold to intermediaries who then sell them to final customers.
• B) Place decisions are usually harder to change than other marketing mix decisions.
• C) There is always one Place arrangement that is "best" for a product.
• D) A series of individuals who aid in the flow of goods and services from producer to final customer is called a distribution network.
• E) None of these statements about Place is true.

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Definitions:

Unit Production Costs

The total cost associated with producing a single unit of product, including direct materials, labor, and overhead.

Equivalent Units

The concept used in cost accounting to convert partially completed goods into a number of complete units of output for inventory valuation.

Work in Process

Inventory consisting of items that are in the stages of being processed into finished goods but are not yet complete.

Weighted-Average Method

An inventory costing method that assigns a weighted average cost to each unit in inventory, calculated after each inventory purchase.