The most basic characteristic used to describe the different types of retailers is their retail mix, or the elements retailers use to satisfy their customers' needs.
Answer the following statement true (T) or false (F)
True
The most basic characteristic used to describe the different types of retailers is their retail mix, or the elements retailers use to satisfy their customers' needs. Four elements of the retail mix are particularly useful for classifying retailers: the type of merchandise and/or services offered, the variety and assortment of merchandise offered, the level of customer service, and the price of the merchandise.
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Crafting a strategy to compete in one or more foreign markets can be considered complex because
A. buyer tastes and preferences differ among countries and present a challenge for companies concerning. customizing versus standardizing their products and services. B. different government policies and economic conditions make the business climate more favorable in some countries than in others. C. factors that affect industry competitiveness are the same from country to country. D. currency exchange rates among countries are generally fixed and rarely change. E. the potential for location-based advantages to conducting value chain activities in certain countries.
One of the major causes of poor listening is lack of training in the process
Indicate whether the statement is true or false
The inventory conversion period refers to the average length of time required:
A. to convert raw materials into finished goods. B. to sell all the finished goods once the production process is completed. C. to convert materials into finished goods and then to sell those goods. D. to collect cash following the sale of inventory. E. to provide payment in cash for the purchase of raw materials and labor.
If items being transported must go through an intermediate point before reaching a final destination, then this situation is known as a(n)
A) transshipment problem. B) assignment problem. C) transportation problem. D) intermediate point problem. E) None of the above