What are some advantages of a farmer selling strawberries grown on his farm directly to consumers instead of using channel intermediaries?
What will be an ideal response?
The farmer will be able to directly serve the customer and may be able to sell the strawberries at a lower price but higher profit margin than if an intermediary were involved. Also, the farmer has control of the product and the sale, making sure that the berries are sold when they are still fresh.
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Respond to the following: a. When is revenue generally recognized, and what are three other alternative points in time for recognizing revenue? b. When is each alternative revenue recognition method appropriate and why have these methods evolved? c. What is the primary criterion for revenue recognition applied in practice, and what attributes must be measurable before revenue is recognized.
What will be an ideal response?
What is a "trigger" and why is it important when planning contingencies?
Fill in the blank(s) with the appropriate word(s).
Indicate the correct form of the verb in parentheses. Cheryl (past tense of point) to a string of good decisions by her team
The legal concept of 'let the buyer beware,' which was pervasive in the American business culture prior to the 1960s, is referred to as ________.
A. mea culpa B. ?est la vie C. quid pro quo D. ad nauseum E. caveat emptor