Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following is an example of vertical channel conflict?

Two retailers in the same city lower prices to compete with each other.

A manufacturer bypasses its wholesalers and sells directly to retailers.

Retailers form a buying group to negotiate better terms with suppliers.

A wholesaler merges with another wholesaler in the same market.

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Verified step by step guidance

Understand the concept of vertical channel conflict: Vertical channel conflict occurs when there is a disagreement or competition between different levels of the same supply chain, such as manufacturers, wholesalers, and retailers.

Analyze the options provided in the problem: Each option represents a scenario involving different entities in the supply chain.

Option 1: 'Two retailers in the same city lower prices to compete with each other' - This represents horizontal channel conflict, as it involves entities at the same level of the supply chain (retailers).

Option 2: 'A manufacturer bypasses its wholesalers and sells directly to retailers' - This is an example of vertical channel conflict because the manufacturer is bypassing a level in the supply chain (wholesalers), creating tension between different levels.

Option 3 and 4: 'Retailers form a buying group to negotiate better terms with suppliers' and 'A wholesaler merges with another wholesaler in the same market' - These scenarios do not represent vertical channel conflict. The first is a negotiation strategy, and the second is a horizontal conflict or consolidation at the same level of the supply chain.