Which of the following expenses incurred by a department store is an indirect expense?
A) Insurance on merchandise inventory
B) Sales salaries
C) Depreciation on store equipment
D) Salary of vice-president of finance
D
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The inventory turnover ratio is a measure of how many times during a period a company sells off its inventory
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a source objection that a salesperson for a small publishing company might hear from a bookstore owner?
A. "I only deal with large, well-established publishing companies." B. "Your books are priced too high." C. "I don't take risks with books by new authors." D. "I'm too busy to talk to you now." E. "I am satisfied with the amount of stock I currently have."
Distinctive features of the U.S. industrial relations system compared with those of other countries include:
A. decentralized collective bargaining. B. relatively high union dues and large union staffs. C. exclusive representation. D. all of these.
As a firm's product moves along the product life cycle, marketing managers can expect all of the following to occur EXCEPT
A. the necessity of changes to the firm's marketing mix. B. increasing industry profits until total product sales finally reach their decline. C. a shift in the competitive environment toward pure competition or oligopoly. D. potential changes in customers' attitudes and needs. E. total product sales peaking at the market maturity stage.