What constitutes retail convergence?

What will be an ideal response?


Retail convergence is the coming together of shoppers, goods, and prices. Customers of all income levels are shopping at the same stores, often for the same goods. Distinctions such as discount store, specialty store, and department store are losing significance.

Business

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Which of the following costs usually would not be included in the inventory cost?

a. Storage costs b. Related tariffs c. Invoice price less purchases discounts d. Insurance on goods in transit

Business

The biggest factor in motivation for sales representatives is enjoying sales as a career. This means that the best way for Aspen to build a motivated sales team is to:

A) teach employees to cold-call more efficiently B) implement a straight commission compensation plan C) offer cash bonuses for the top sellers each month D) provide all employees with the same benefits E) provide a mix of external and internal rewards

Business

The Sarbanes-Oxley Act of 2002 requires a publicly-traded corporation to _____.?

A. ?keep confidential the procedures used to construct and report financial statements. B. ?have an internal audit team that render an unbiased (independent) opinion concerning the firm's financial statements C. ?have a committee that consists of outside directors to oversee the firm's audits D. ?increase the certainty of the expected cash flows E. ?adopt the primary goal of stockholder wealth maximization

Business

The ____________________ for cash advances and balance transfers is typically higher than the rate for purchases

Fill in the blank(s) with correct word

Business