Logistics costs do not vary between developed economies like the U.S. and developing economies like those of Africa.

Answer the following statement true (T) or false (F)


False

Developed economies in the United States spend about 9 to 15 percent of GDP on logistics-related costs, while in the developing economies of Africa costs are 30 percent or more.

Business

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Marketing channels are the set of pathways a product or service follows after production, culminating in purchase and consumption by the final end user

Indicate whether the statement is true or false

Business

In standard costing,

a. the standards are developed only for overhead costs. b. the standards are developed primarily from past costs. c. comparisons with actual costs usually are not performed. d. debit and credit entries to inventory accounts are made at standard costs.

Business

An increase in sales price per unit increases the number of units required to break even

Indicate whether the statement is true or false

Business

Timely information asks if each transaction and event is represented only once in the information.

Answer the following statement true (T) or false (F)

Business