Which Type of Sale Occurs When One Consumer Sells a Product

question 49

Multiple Choice

Which type of sale occurs when one consumer sells a product directly to another with or without the assistance of a commercial intermediary?

• A) direct-to-consumer sale
• B) consumer-to-consumer sale
• C) personal sale
• D) private sale
• E) direct marketing

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Definitions:

Controllable Cost

A cost over which a manager has control.

Actual Cost

The actual expense incurred to acquire an asset or service, including all costs necessary to bring the asset into use or to complete the service.

Responsibility Accounting

A system of accounting that segments financial information by areas of responsibility within an organization, aiding in budgeting and performance evaluation.

Responsibility Reports

Reports designed to evaluate the financial performance of different segments of an organization, focusing on areas under a manager's control.