Ida Works on Creating Ways to Ensure That Customers Receive

question 144

Multiple Choice

Ida works on creating ways to ensure that customers receive goods at the right time and correct location.Ida is involved in her firm's _____ strategy.

• A)pricing
• B)promotion
• C)distribution
• D)product

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Definitions:

Intangible Assets

Assets that lack physical substance but possess economic value, such as intellectual property, goodwill, and trademarks.

Financial Accounting

The field of accounting that focuses on recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

Goodwill

An intangible asset that represents the excess value of a purchased company over the fair value of its identifiable net assets.

Amortize

The gradual reduction of a debt over a period of time through regular payments of principal and interest sufficient to pay off the debt by maturity.