Which of the Following Primary Activities Describes Collecting, Storing, and Physically

question 66

Multiple Choice

Which of the following primary activities describes collecting, storing, and physically distributing products to buyers?

• A) customer service
• B) sales and marketing
• C) outbound logistics
• D) operations/management

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Definitions:

Stockholders' Equity

Shareholders' Equity reflects the stake of owners in a company, determined by subtracting the firm's total liabilities from its total assets.

Expense

Outflows or other using up of assets or incurrence of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Liability

A company's legal financial debts or obligations that arise during the course of business operations.

Revenue

The total income generated by a company from its business activities, including sales of goods or services before any expenses are deducted.