Retailers simplify distribution by cutting the number of transactions required by consumers, making an assortment of goods available in one location
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
Retailers simplify distribution by cutting the number of transactions required by consumers, making an assortment of goods available in one location. Retailers are those firms in a marketing channel that sell directly to consumers as their primary function.
You might also like to view...
Use this information to answer the following question. The following totals for the month of November were taken from the payroll register of Levine Company: Salaries expense $12,000 Social security and Medicare taxes withheld 550 Income taxes withheld 2,500 Medical insurance deductions 250 Life insurance deductions 200 Salaries subject to federal and state unemployment taxes of 6.2 percent 4,000
The entry to record the payment of net payroll would include a a. debit to Salaries Payable for $12,000. b. debit to Salaries Payable for $7,950. c. debit to Salaries Payable for $8,500. d. credit to Cash for $9,050.
HNW Ltd. HNW Ltd. manufactures and sells food processors. A popular consumer magazine has recently evaluated food processors and has ranked HNW's processors as being of "poor quality". As a result, HNW's management team has begun to analyze all costs associated with their food processors in more detail, and the following data has been compiled: Scrap costs $ 80,000 Quality training 75,000
Warranty claims 100,000 Rework costs 50,000 Inspection of incoming materials 30,000 Product quality audits 60,000 Statistical process control 40,000 Refer to the HNW Ltd. information above. What are HNW's total appraisal (detection) costs? A) $130,000 B) $205,000 C) $90,000 D) $100,000
Section 4205 of the Patient Protection and Affordable Health Care Act requires restaurants and retail food establishments with 20 or more locations to disclose calorie counts of their food items and supply information on how many calories a healthy
person should eat in a day. The provisions of this legislation are enforced by the ________. A) Federal Food and Drug Administration B) United Nations C) Federal Trade Commission D) Consumer Product Safety Commission
During a strike after a collective bargaining agreement has expired, an employer is permitted to hire new workers to work in place of the striking workers, but must fire the non-union workers after the strike ends
a. True b. False Indicate whether the statement is true or false