A "Channel of Distribution

question 251

Multiple Choice

A "channel of distribution":

• A) usually has three members--a manufacturer, a distributor, and a retailer.
• B) is any series of firms (or individuals) from producer to final user or consumer.
• C) should be as short as possible.
• D) is not involved if a firm sells directly from its own website to final customers.
• E) All of the above are true.

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Definitions:

Research And Development

Actions associated with the development, launch, and enhancement of products and processes.

Operating Expenses

Costs associated with running a business's core operations on a daily basis, excluding the cost of goods sold.

Current Assets

Assets that are cash or can be converted into cash within a year, including cash, accounts receivable, and inventory.

Amortized

The process of gradually writing off the initial cost of an asset over a period, or similarly, spreading loan payments over the loan term.