Under the model stock approach, the retailer determines space needs by _____

a. calculating the amount of floor space necessary to carry and display a proper assortment of merchandise
b. assigning space on the basis of sales or profits per foot
c. dividing merchandise into impulse and specific intent categories
d. assigning goods into complementary and substitute categories


a

Business

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Pattern, Inc enters into a contract to deliver 10,000 units of raw materials to Phoebus, Inc Pattern delivers the raw materials two days after the delivery date. Pattern offers to pay damages based on a clause in the contract

What type of damages is Pattern paying? A) liquidated B) compensatory C) punitive D) nominal

Business

The principle of shared information typifies a shift in organizations away from the mentality of __________ toward one more focused on employee commitment.

A. command and control B. absenteeism C. unionization D. training and stabilization

Business

Generally accepted accounting principles require that a business's fiscal year must end on December 31.

Answer the following statement true (T) or false (F)

Business

When changing from a larger to a smaller unit length in the metric system, move the decimal point

A) one place to the right. B) one place to the left. C) two places to the right. D) two places to the left.

Business