Arnold Wood's company buys machine tools from large producers and sells them to several Midwestern manufacturing companies. The company Arnold works for carries inventories of the tools, which reduces capital requirements for the producers. Arnold's company is an example of a(n) ____ in a distribution channel.
A. direct distributor
B. manufacturers' agent
C. industrial distributor
D. producers' agent
E. wholesalers' agent
Answer: C
You might also like to view...
Which item is NOT listed as an ethical issue for organizational influence strategies as noted from the text?
A. framing B. impression management C. coercion D. communication of expectations
A company's post-closing trial balance has total debits of $40,560 and total credits of $40,650. Accordingly, the company should review for errors in the closing process.
Answer the following statement true (T) or false (F)
A(n) ________ game occurs when each player selects an optimal strategy that does not result in an equilibrium point when the minimax criterion is used
A) optimal strategy B) pure strategy C) mixed strategy D) best strategy
At the beginning of the year, Norwood Pass Industries had $240,000 in total assets and a debt-to-assets ratio of 0.5 or 50%. During the year, Norwood's assets increased by $80,000, and its liabilities increased by $72,000. What is the debt-to-assets ratio at the end of the year?
A. 0.4 or 40% B. 1.7 or 170% C. 0.9 or 90% D. 0.6 or 60%