5.The cost that Lowe's incurs to deliver building supplies to a customer would be an example of what type of activity in the valuechain?

A.

Marketing

B.

Customer Service

C.

Distribution

D.

Administration

2. The costs of manufacturing or purchasing inventory would be classified as

A.

product costs.

B.

operating expenses.

C.

period costs.

D.

selling, general, and administrative expenses.

The costs of manufacturing or purchasing inventory would be classified as

A.

period costs.

B.

product costs.

C.

selling, general, and administrative expenses.

D.

operating expenses..

Which of the following types of companies will not have "cost of goods sold" on its income statement?

A.

Manufacturing.

B.

Both merchandising and manufacturing.

C.

Service.

D.

Merchandising.