Which of the following services would a wholesaler least likely provide to a manufacturer?
A. Assume the risks of selling to poor credit customers
B. Look for and coordinate supply sources
C. Pay the costs of transporting goods
D. Provide up-to-date information on market developments
E. Serve as an extension of the manufacturer's sales force
Answer: B
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Rev Motor Company buys plugs and points from Sparkplugs Inc. and puts them in Rev vehicles without changing their composition. If the parts are defective, strictly liable for any damage caused by the defects may be
A. Rev only. B. Rev, Sparkplugs, and the owner and operator of the Rev vehicle. C. Rev and Sparkplugs. D. Sparkplugs only.
Which of the following represents a company in a supply chain?
A. Supplier and customer. B. Supplier and competitor. C. Knowledge worker and supplier. D. Customer and competitor.
The Allowance for Bad Debts account has a credit balance of $4000 before the adjusting entry for bad debts expense. The company's management estimates that 5% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $280,000. What is the amount of Bad Debts Expense reported on the income statement for 2019?
A) $14,000 B) $18,000 C) $7000 D) $10,000
Consumer buying process is often impacted by individual's emotions.
Answer the following statement true (T) or false (F)