Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be ________
A) 75.26%
B) 3.1%
C) 72.99%
D) 37.12%
A
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The state law of Michigan issues a tax on commerce carried on with states outside Michigan. The Congress enacted legislation that did not involve any taxes on interstate commerce to chiefly promote national uniformity. This conflict between the federal law and the state law resulted in the state law to be treated as unconstitutional. Which of the following statements is true of this case?
A. The state of Michigan has exclusive power on interstate commerce where there is a need for national uniformity. B. The federal law has been impliedly preempted. C. The federal law is said to be expressly preempted. D. The state law of Michigan is said to be expressly preempted.
The trading area with the highest average purchase by a customer is the _____
a. parasite b. primary trading area c. secondary trading area d. fringe trading area
Most people prefer to read sentences that are approximately ________ words long
A) 12-14 B) 16-18 C) 20-22 D) 10-12
Match each term with the correct statement below.
a. marketing channel b. selective distribution c. warehouse showrooms d. materials handling e. warehouse clubs f. inventory management g. intensive distribution h. exclusive distribution 1. Convenience goods often use this method of market coverage. 2. Large-scale discount operations that are open to members only. 3. The physical handling of a product during transportation and while it is in the warehouse. 4. A group of interrelated organizations that direct the flow of products to the ultimate consumer. 5. The process of developing and maintaining products that are in demand by customers 6. Shopping goods are often distributed through this method of market coverage. 7. Convenience goods often use this method of market coverage.