Firms with high markups and low turnover rates may earn lower profits than firms with low markups and high turnover rates.
Answer the following statement true (T) or false (F)
True
Some retailers try to speed turnover to increase profit, even if this means reducing their markups. The markup combines with the stockturn rate to determine what the product actually earns.
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________ is a technology system that helps companies manage information about existing and potential customers.
A. Spreadsheet organizer B. A salesperson diary C. Personal productivity D. CRM (customer relationship management) E. Worksheet information system
The salaries at a corporation are normally distributed with an average salary of $29,000 and a standard deviation of $3,000. a.What is the probability that an employee will have a salary between $22,520 and $33,480?b.What is the probability that an employee will have a salary more than $31,880?c.What is the probability that an employee will have a salary less than $28,440?
What will be an ideal response?
Companies view skill- and competency-based pay plans as a way to develop the critical behaviors and abilities employees need to achieve specific business results.
Answer the following statement true (T) or false (F)
Which of the following is NOT part of a product-market definition?
A. a description of the type of product B. information about consumer needs C. information about the final customer (or user) of the product D. information about which specific retailers will sell the product