Toronto-based Loblaw supermarket chain developed President's Choice brand products to sell exclusively in its stores. President's Choice is an example of a ________
A) manufacturer brand
B) national brand
C) cobrand
D) generic brand
E) private-label brand
E
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Which of the following is not one of the principles proposed by Fredrick Taylor to eliminate soldiering?
A. Give workers the training and incentives to do the task properly. B. Carefully select workers with the right abilities for the task. C. Study each part of the task scientifically. D. Reward employees equally and consistently. E. Use scientific principles to plan the work methods.
When applying lower of cost or market under the FIFO, average cost, or specific identification method, market value
A) is defined as the selling price. B) is defined as the net realizable value. C) should not exceed the net realizable value less an allowance for a normal profit margin. D) should not exceed the net realizable value plus an allowance for a normal profit margin.
Customer requests for unstocked or out-of-stock merchandise are recorded in a(n) _____
a. generic product file b. UPC system c. OCR-A system d. want book or want slip
In most states, but not under the Revised Act, cumulative voting is permissive and not mandatory
a. True b. False Indicate whether the statement is true or false