Defining and adhering to an organizational mission, evaluating ownership and management alternatives, and outlining the goods/service category to be sold are parts of which element of retail strategy?
a. store operations
b. situation analysis
c. identification of consumer characteristics
d. objectives determination
b
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The recognition of cost of goods sold expense in the same period that sales revenue is recognized from the sale of merchandise is a good example of the
a. full disclosure principle b. matching principle c. historical cost principle d. revenue realization principle
Technology is a way of life for ________, the largest generational group
A) Generation Z B) Generation X C) baby boomers D) Millennials E) the Lost Generation
The most prominent unions are those whose members are ______ sector employees such as teachers and police officers.
A. public B. private C. business D. service
An inventory turnover ratio of 8.5 times indicates that:
A. the inventory of the firm turns over every 8.5 days. B. the value of the inventory of the firm is 8.5 percent of the total assets of the firm. C. the value of sales of the firm is 8.5 times the cost of goods sold. D. the firm will restock its inventory every 42.35 days. E. the firm pays for its inventory once in 42.35 days.