DISTRIBUTION Channel Functions
Information: gathering. Information marketing research and intelligence information about the marketing environment
Promotion: Spreading information about persuasive Information about offers
Contact: Finding information about perspective buyers
Financing: Acquired information using funds to cover the cost of channel work
Risk taking: Assuming financial. Risks such as the off scale to sell better products at full margin price.
Accounting is the language of business. It is an information system that identifies, records, and communicates the economic events of an organization to interested users, both internal and external. A student majoring in accounting has a variety of career options available in public accounting, private industry, consulting, and government.
Public accounting, audit - Auditors rely heavily on financial accounting as they ascertain whether other companies' financial statements are in compliance with generally accepted accounting principles. In addition, auditors must assess the risks related to companies' business processes and the related controls in place to minimize those risks.
Public accounting, tax - Tax accountants prepare individual and corporate tax returns, provide their clients with advice on how best to structure business transactions to minimize current and future taxes, and engage in estate planning.
Private industry - Accountants employed in private industry are involved in preparing budgets, analyzing variances, costing products and services, and evaluating product and customer profitability. They can also specialize in internal audit and may eventually attain positions as controllers, CFOs, etc.
Consulting - Accountants with a consulting focus perform many of the duties associated with private and public accounting; however, they do so for external, non-audit clients. In addition to these services, they also