Which of the following statements about retailers and retailing activities is true?
A) Wholesalers cannot generate revenue through retailing.
B) Retailers generate most of their revenue through selling to institutions.
C) Retailers sell products to consumers for nonbusiness use.
D) About half of all U.S. workers are employed by retailers.
E) Retailers sell only to businesses.
C
You might also like to view...
Sweden applies a system to certain categories of imported agricultural products referred to as:
A) temporary surcharges. B) ad valorem duty. C) variable import levies. D) specific duty. E) countervailing duty.
Which of the following is considered a good?
A. Managing a team B. Selling groceries C. Milk and eggs D. All of these
If the company purchased a $60,000 piece of equipment by paying $30,000 and having the rest financed with a short-term note from the bank, then immediately after this transaction what is the expected impact on the components of the current ratio?
A. Current assets decrease and current liabilities increase by the same amount. B. Current assets increase. C. Current assets and current liabilities decrease by the same amount. D. Current liabilities decrease.
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hours of sewing machine time and up to 150 hour cutting machine time. Production of one shirt requires 3 hours of sewing time and 1 hour of cutting time. Each pair of pants requires 2 hours of sewing time and 1.5 hours of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Determine the objective function for the LP formulation.
a. Maximize profit = $11 * (Number of shirts to be produced + Number of pairs of pants to be produced) b. Maximize profit = $5 * Number of shirts to be produced c. Maximize profit = $6 * Number of pairs of pants to be produced d. Maximize profit = ($5 * Number of shirts to be produced) + ($6 * Number of pairs of pants to be produced)