Channel Strategy Involves an Analysis of Each Shipping Mode to Determine

question 38

True/False

Channel strategy involves an analysis of each shipping mode to determine which mode,or combination of modes,will be both effective and efficient in a given situation.

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Definitions:

Normal Balance

The side (debit or credit) on which increases are recorded in an accounting ledger; varies depending on the account type (asset, liability, equity, revenue, or expense).

Post Reference Column

A column in journal and ledger accounts that helps in cross-referencing entries between these two accounting records.

General Journal

A comprehensive record of financial transactions over the life of a company, listed in chronological order.

Assets

Resources owned by a company or individual that have economic value and can provide future benefits.