Which of the following is true of distribution structure?
A. Consumer products pass through a system that includes several producers and one wholesaler.
B. The use of direct channels has increased in the past decade with the introduction of various Internet buying and selling schemes.
C. Channels of distribution for business marketing are typically longer.
D. A manufacturer market is most common for indirect users in direct channel.
Answer: B
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A) Assets, expenses, liabilities, stockholders' equity, revenues B) Stockholders' equity, assets, liabilities, revenues, expenses C) Assets, liabilities, stockholders' equity, revenues, expenses D) Assets, liabilities, revenues, expenses, stockholders' equity
A buyer failed to take advantage of the vendor's credit terms of 1/10, n/45, but instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the equivalent annual interest lost on the amount of the purchase is:
A. 10.4% B. 10.6% C. 6.6% D. 13.4% E. 9.0%
Phoebe sends Rosinda a cashier's check for $1,000. Rosinda deposits the check into her account at Security Bank. The next business day, the bank confirms a $1,000 increase in Rosinda's account. She then wires Phoebe $150 for "fees." Later, the bank discovers that the check is a fake. Most likely, the loss falls to
A. Rosinda. B. Security Bank. C. Rosinda and Security Bank in equal measure. D. no one.