The cost of fixing defective units found during the quality inspections would be classified as what type of cost?

Which of the following does not apply to secondary markets?

A. Transactions are important to the efficient allocation of resources in our economy. B. New resources are provided when shares of stock are sold by the corporation to the initial owners. C. Transactions help to establish market prices for additional shares that may be issued in the future. D. Many investors might be unwilling to provide resources to corporations if there is no available mechanism for the future sale of their stocks and bonds to others.

A(n) ________ consists of one or more independent producers, wholesalers, and retailers, each seeking to maximize its own profits, sometimes even at the expense of the system as a whole

A) multitiered supply chain B) conventional distribution channel C) intrinsic market matrix D) resource bank E) product platform