A company with a high stockturn rate is selling product quickly.
Answer the following statement true (T) or false (F)
True
The stockturn rate is the number of times the average inventory is sold in a year. A high stockturn rate means that product is selling quickly. A low stockturn rate indicates a rising inventory and means that product is not selling quickly enough.
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As they were originally designed, the 4 Ps were intended to be both distinct and independent from the other aspects of a marketing mix
Indicate whether the statement is true or false
The inventory turnover ratio is computed by dividing cost of goods sold by average merchandise inventory.
Answer the following statement true (T) or false (F)
When a deductive approach is used in a persuasive situation, chances of getting cooperation are maximum.
Answer the following statement true (T) or false (F)
Gayle will be traveling to Thailand on business and wants to demonstrate intercultural competence while there. What is the best advice you can give her?
A) Provide judgmental feedback rather than descriptive feedback. B) Take the lead when interacting with businesspeople from other cultures. C) Show supportiveness with head nods, eye contact, facial expressions, and physical proximity. D) Use gestures often and freely to attempt to communicate nonverbally.