Stocking well-known branded items at high prices in order to sell store brands at discounted prices is called selling against the brand
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
Stocking well-known branded items at high prices in order to sell store brands at discounted prices is called selling against the brand.
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Jane gave her car for maintenance to Bell Corp., a company that deals in used cars and maintenance of cars. One of the employees at Bell Corp. accidentally sold Jane's car to Fiona. Under these circumstances, which of the following statements is correct?
A. Jane cannot recover the car from Fiona because under the Uniform Commercial Code, Bell Corp. could give good title to a buyer in the ordinary course of business. B. Jane can recover the value of the car from Fiona or Bell Corp. because neither Bell Corp. nor Fiona had title to the car. C. Jane can recover the car from Fiona because Bell Corp. did not have ownership to the car when it was sold to Fiona. D. Jane cannot recover the value of the car from Bell Corp. because she is a nonmerchant.
Upon receipt of customers' checks in the mailroom, a responsible employee should prepare a control listing. A copy of the listing should be sent to the:
A. treasurer to compare the listing with the monthly bank statement. B. internal auditor to investigate the listing for unusual transactions. C. accounts receivable bookkeeper to update the subsidiary accounts receivable records. D. entity's bank to compare the listing with the deposit slip.
Chris operates the Devil’s Brew chain of coffee stands. “Devil’s Brew” is
A. none of the choices. B. a trade secret. C. a service mark. D. a trade name.
Decision making
a. has no sequential steps. b. involves selecting one course of action from several alternatives. c. eliminates uncertainty and risk. d. all of these choices.