A memorandum is typically used for communication that takes place ... A. Within a business. B. Among competitors. C. Infrequently. D. Between friends - ✔✔A - Within a business. What type of tax are businesses required to pay on the profits they earn? A. Excise B. Income C. Sales D. Property - ✔✔B- Income Which of the following is an example of legal tender issued by the federal government: A. Bank notes B. Corporate bonds C. Mutual funds D. Municipal bonds - ✔✔A- Bank notes Which of the following is a disadvantage of a checking account: A. Overdraft protection B. Direct payroll deposit C. Account balance requirement D. Online transaction options - ✔✔C- Account balance requirement Channels of distribution benefit businesses by: A. lowering the prices of all industrial goods B. getting their products to consumers more efficiently C. raising their profits each year D. allowing them to avoid all channel tasks - ✔✔B- getting their products to consumers more efficiently Businesses usually maintain customer sales records that contain information about the: A. discounts offered by manufactures B. types of products being purchased C. cost of paying commissioned salespeople D. suppliers that provide the goods - ✔✔B- types of products being purchased The purpose of legal procedure is to ensure that each party receives: A. ongoing advice B. consistent treatment C. a resonable verdict D. an indictment - ✔✔B- consistent treatment The costs of promoting products are often _______ A. Shared by channel members. B. avoidable in certain channels. C. very inexpensive, especially for new products. D. paid for entirely by one channel member. - ✔✔A- Shared by channel members. In which of the following situations might vertical conflict occur in a channel of distribution: A. A manufacturer decides to sell its products on its website. B. Two similar businesses compete for the same target market. C. Distributors for a product agree to charge the same price. D. An organization sells additional franchises in the same city. - ✔✔A. A manufacturer decides to sell its products on its website