Why might a business use a combination of direct, indirect, and mixed marketing channel systems?
A) to have total control over the quality of customer service
B) to lower the risk of distributing products to end-users
C) to attain maximum profits at minimum cost
D) to reach different target markets cost effectively and to deliver the service level expected by target customers
E) to comply with legal requirements that limit a business from having too much control over the distribution of products to consumers
D
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The operating cycle of a merchandiser begins when the company purchases inventory from a vendor and ends when the company then sells the inventory to a customer
Indicate whether the statement is true or false
Under the AICPA Code of Professional Conduct, a CPA may express an unmodified opinion on financial statements that contain a departure from GAAP if (s)he can demonstrate that because of unusual circumstances the financial statements would be misleading if the departure were not made. Which of the following is an example of unusual circumstances that could justify such a departure?
a. The evolution of a new form of business b. An unusual degree of materiality c. Conflicting industry practices d. A theoretical disagreement with a standard issued by the FASB