Explain the distribution structure followed in business markets
What will be an ideal response?
ANSWER: Many consumer products pass through a distribution system that includes the producer, one or more wholesalers, and a retailer. In business marketing, however, channels of distribution are typically shorter. Direct channels, where manufacturers market directly to users, are much more common. The use of direct channels has increased dramatically in the past decade with the introduction of various Internet buying and selling schemes. One such technique is called a business-to-business online exchange, which is an electronic trading floor that provides companies with integrated links to their customers and suppliers. The goal of B-to-B exchanges is to simplify business purchasing and to make it more efficient.
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Which inventory costing method results in the lowest income tax expense during a period of decreasing prices?
a. FIFO b. LIFO c. Specific Identification d. Weighted Average Cost
A ________ is a formalized set of procedures for generating, analyzing, storing, and distributing pertinent information to marketing decision makers on an ongoing basis
A) marketing information system B) management information system C) decision support system D) none of the above
A company purchased $2900 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $750 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
A. Debit Accounts Payable $2150; credit Merchandise Inventory $43; credit Cash $2107. B. Debit Accounts Payable $2900; credit Cash $2900. C. Debit Merchandise Inventory $2150; credit Cash $2150. D. Debit Cash $2150; credit Accounts Payable $2150. E. Debit Accounts Payable $2150; credit Cash $2150.
Secured bonds are those bonds whose ownership is recorded in the corporate records
Indicate whether the statement is true or false