A retailer's gross margin equals $500,000 . Its net sales are $1,000,000 and average inventory at cost equals $250,000 . Its GMROI is _____ percent
a. 11.8
b. 47
c. 53.2
d. 200
d
You might also like to view...
The mirror-like image we derive from our contacts with others and then project into our future experiences is associated with ______.
Fill in the blank(s) with the appropriate word(s).
Which of the following is a product-level activity cost?
A) Securing the factory B) Testing the speakers C) Redesigning the installation process D) Materials handling
The revenue principle states that revenue should be recognized at a point when
a. an exchange transaction involving goods and services has occurred and the earnings process is essentially complete. b. an order for shipment of a definite amount of merchandise has been received. c. a contract between buyer and seller has been signed by both parties. d. the seller has shipped merchandise to a customer under the terms that the customer need not pay for the merchandise until it is sold.
Which strategy directs marketing efforts toward end consumers rather than retailers and wholesalers?
A) pull B) blitz C) push D) integrated marketing communication E) promotions