22. Which of the following statements is (are) true?

I. When establishing a distribution strategy, the first and most obvious consideration is the product.

II. Short-term public warehousing is likely to have the least variable cost for a company

III. Warehousing is needed because patterns of production and consumption may not coincide.

A. III only

B. II and III

C. I, II, and III are true

D. I only

E. I and III