Compare and contrast a conventional channel with a vertical marketing system (VMS)
What will be an ideal response?
A conventional channel consists of one or more independent producers, wholesalers, and retailers. The channel is self-regulating according to market forces. On the other hand, a vertical marketing system is a unified system made up of producers, wholesalers, and retailers. While members of a conventional distribution channel work independently, members of a vertical marketing system all cooperate because either one member has acquired or developed the others.
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On January 1, 20A Monmouth Corporation had retained earnings of $8,000,000. During 20A, they had net income of $1,550,000 and dividends of $450,000. What is the amount of Monmouth's retained earnings at the end of 20A?
A. $8,900,000 B. $9,550,000 C. $6,050,000 D. $9,100,000
The objective of conclusive research is to test specific results and examine specific relationships
Indicate whether the statement is true or false