Which of the following is NOT an example of intermediaries?
A) agents
B) brokers
C) wholesalers
D) producers
E) retailers
Answer: D
Explanation: D) Intermediaries are the people or firms that move products between producer and customers. Agents, brokers, retailers, and wholesalers are all intermediaries. Producers and consumers are NOT intermediaries. If a product moves from a producer directly to a consumer, it is said to be a direct channel, with no intermediaries involved.
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Product mix length refers to the ________
A) number of versions offered for each product in the line B) ways in which the various product lines are related C) number of different product lines the company carries D) total number of items a company carries within its product lines E) total market share captured by the entire product line
Lassen Corporation issued ten-year term bonds on January 1, 20x5, with a face value of $800,000. The face interest rate is 8 percent and interest is payable semi-annually on June 30 and December 31. The bonds were issued for $690,960 to yield an effective annual rate of 10 percent. The effective interest method of amortization is to be used. The entry on June 30, 20x5, to record the payment of
interest and amortization of discount is: A) Bond Interest Expense 32,000 Cash 32,000 B) Bond Interest Expense 34,548 Unamortized BondDiscount 2,548Cash 32,000 C) Bond Interest Expense 34,548 Cash 34,548 D) Bond Interest Expense 32,000 Unamortized BondDiscount 32,000
Contingency funding is made up of budget reserves and management reserves.
Answer the following statement true (T) or false (F)