Retailers lose, on average _____ percent of gross sales due to returns
a. 3-5
b. 4
c. 20
d. 30
a
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In a responsibility accounting system, costs are classified into categories on the basis of
a. fixed and variable costs. b. prime and overhead costs. c. administrative and nonadministrative costs. d. controllable and noncontrollable costs.
Which of the following costs is most likely associated with the commercialization stage of new-product development?
A) implementing trade promotion plans for channel members B) paying groups of target consumers for product feedback C) determining the product's planned price, distribution, and marketing budget D) developing a prototype of the product E) identifying target markets
Which of the following would be considered an offer to form a unilateral contract?
A) an advertisement B) an auction without reserve C) a reward offer D) an auction with reserve
In developing the standard economic order quantity formula, the following assumption(s) is (are)
made: A) Lead time is constant. B) Demand for the item is relatively uniform. C) Replenishment is in lots or batches that arrive at once. D) All of the above are assumed. E) None of the above is assumed.