What are some of the drawbacks of using store brands?
What will be an ideal response?
While store brands offer an opportunity for retailers to differentiate their products and reduce price competition, the retailer incurs additional costs designing and marketing store brands, which reduces its profitability. In addition, the retailers assume the risk associated with uncertain sales. If, for instance, a product doesn't sell, the retailer can negotiate to either send the merchandise back to the vendor, have the vendor pay for the difference in lost gross margin if the merchandise has to be marked down, or sell the inventory to an off-price retailer. Retailers have no such cushions for their store brands. Because private-label products are specific to the store, there are few alternative options for getting rid of excess inventory.
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During the current year, George recognizes a $30,000 Sec. 1231 gain on sale of land and a $18,000 Sec. 1231 loss on the sale of land. Prior to this, George's only Sec. 1231 item was a $14,000 loss six years ago. George must report a
A. $14,000 ordinary income. B. $12,000 net LTCG. C. $10,000 ordinary income and $2,000 net LTCG. D. $12,000 ordinary income.
Which statement describes the currently accepted theory of how an enzyme and its substrate fit together?
A. The enzyme is like a key that fits into the substrate, which is like a lock. B. As the substrate binds to the enzyme, the shape of the active site changes to accommodate the reaction. C. When the product binds to the enzyme, the substrate changes shape to accommodate the reaction. D. The active site is permanently changed by its interaction with the substrate.
Which of the following is a characteristic of a public corporation?
A) The lifetime of the organization is limited to the lifetime of the decision-making committee or the Chief Executive Officer, whichever is longer. B) Profits are taxed as income to corporation and again as income to owners when distributed as dividends. C) Ownership interests are generally limited to no more than 35 shareholders. D) Owners can exert control over daily management decisions.
The plaintiff must admit or deny each allegation in the complaint
Indicate whether the statement is true or false