A private brand is a brand name developed by a wholesaler or retailer for their product
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: A private brand is created when a wholesaler or retailer develops a brand name and has a manufacturer put it on a product. An example is Sears, which carries the brand of Kenmore appliances.
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The majority of the world's population is included in the following economic category:
A) high-income countries. B) upper-middle-income countries. C) lower-middle-income countries. D) low-income countries. E) lower-upper-income countries.
The entry to record other factory overhead costs incurred during the month would include
a. a debit to Factory Overhead. b. a credit to Factory Overhead. c. a debit to Work in Process. d. a credit to Work in Process.
Firms may choose to collaborate with competitors in order to
a. determine reasonable allocation of funds for R&D spending. b. define industry standards for new technologies. c. gain competitive intelligence. d. ensure early adoption of new technologies. e. increase complexity of the project.
In order to obtain desired results, one sales training program should be used for everyone so that consistency is promoted among the sales staff.
Answer the following statement true (T) or false (F)