Most industrial products are distributed through which of the following channels?

a. producer to industrial user
b. producer to wholesaler to consumer
c. producer to wholesaler to industrial user
d. producer to wholesaler to retailer to industrial user
e. producer to agent to wholesaler to retailer to industrial user


a. producer to industrial user

Business

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A company uses the following standard costs to produce a single unit of output.       Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct materials quantity variance for the month was:

A. $1,800 favorable B. $1,800 unfavorable C. $1,000 favorable D. $5,800 unfavorable E. $5,800 favorable

Business

Quick Supply House breached a contract with MegaCorp The breach resulted in the loss of a great deal of money to MegaCorp The board of directors for MegaCorp vote not to sue the supply house since it believes the legal costs would be more than it would probably recover. If a group of shareholders wish to sue the supply house, this would

a. be a type of direct lawsuit. b. have to be a derivative lawsuit. c. be a settlement lawsuit. d. be an SEC lawsuit.

Business

Once a company has decided to enter the global marketplace, it must select a means of market entry. Four general options exist: (1) ________; (2) licensing; (3) joint venture; and (4) direct investment.

A. franchising B. countertrading C. accreditation D. exporting E. cooperative

Business