Describe how the inventories of manufacturers differ from the inventories of retailers.
What will be an ideal response?
Manufacturers have to produce the products they sell; whereas, retailers purchase products which are ready to sell (i.e., the retailers purchase finished goods from manufacturers). Inventories of manufacturers, therefore, will consist of raw materials, work-in-process, and finished goods.
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Answer the following statements true (T) or false (F)
Vesting refers to a qualifying period of pension plan membership that must be met before contributions are made by the employer.
________ require that a certain percentage markup be applied to all products.
A. State fair trade laws B. Fair trade laws C. Minimum markup laws D. Partnership laws E. Criminal laws
Sales forecasts and budgets, pricing policies, product characteristics, holiday schedules, and cash flow projections are all part of the export marketing plan.
Answer the following statement true (T) or false (F)
The only way to enter Jellystone Park is past Ranger Smith, who checks your camping gear and warns you about the bears in the park. The next step of the entrance process is to pay your site fee to Ranger Dwayne. This is a single ________ system
Fill in the blank with the appropriate word.