Which of the following internal controls will best detect the theft of valuable itemsfrom an inventory that consists of hundreds of different items selling for $1 to $10 anda few items selling for hundreds of dollars?(1) Maintain a perpetual inventory of only the more valuable items, with frequentperiodic verification of the validity of the perpetual inventory records.(2) Have an independent auditing firm examine and report on management’sassertion about the design and operating effectiveness of the control activitiesrelevant to inventory.(3) Have separate warehouse space for the more valuable items, with sequentiallynumbered tags.(4) Require an authorized officer’s signature on all requisitions for the morevaluable items.

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Channel Management

Channel management is the process of developing and executing marketing plans and sales strategies to grow your business through third-party channels. This involves working with intermediaries such as distributors, resellers, retailers, and other partners to help you reach new markets and drive sales. It also entails managing these relationships to ensure that everyone works together efficiently and effectively to meet your business goals. If executed well, channel management can be a key driver of your company's growth. It can help you reach new markets, tap into new customer segments, and boost sales.