Which of the following is TRUE of service companies?
A) All costs of service companies are product costs.
B) Service companies modify and resell products they buy from manufacturers.
C) Revenues of service companies are only recorded on cash receipt.
D) Service companies carry no inventories of products for sale.
D) Service companies carry no inventories of products for sale.
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Under the perpetual inventory system, each time goods are purchased, the inventory account is transferred to sales revenue
a. True b. False Indicate whether the statement is true or false
This question contains two parts; be sure to answer both. First, what is the grapevine, and when does the grapevine flourish and thrive? Second, suppose that you manage a small laboratory that develops fragrances (men's colognes, women's perfumes, unisex deodorants). The office grapevine is thriving; employees believe that the company is about to be purchased by a much larger firm, and that the result will be a move to another state, decreased benefits, and massive layoffs. While the company is under negotiations to be purchased, there will be no move or change in benefits based on the purchase. Layoffs could occur, but it's hard to say at this point. Describe several ways that you might get the grapevine under control.
What will be an ideal response?
Think Ink is a growing company that sells a variety of inks for home and business printers. Management at Think Ink has decided to open a sales branch overseas to handle sales and distribution abroad. Think Ink is engaging in ________
A) indirect exporting B) direct exporting C) licensing D) joint ownership E) management contracting
A retail company sells agricultural produce and consumer products. The company procures materials from farmers and local producers. This process is an example of ________.
A. internal marketing B. operational management C. inbound logistics D. customer service E. outbound logistics