In a sale on approval, a buyer takes goods primarily for resale, with a right to return any goods that fail to sell.
Answer the following statement true (T) or false (F)
False
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All of the operating expenses in a professional firm are:
a. Overhead costs. b. Period costs. c. Labor costs. d. Product costs.
Which of the following demonstrates how logistics has an effect on the product element of the marketing mix?
A. utilizing volume discounts B. shipping goods in full rather than partial vehicles C. deciding to reduce the amount of inventory in the warehouse D. providing feedback on product packaging E. deciding which mode of transportation to employ
When you have recovered from your sense of psychological disorientation and begin to function and communicate, you are in which of the following stages of culture shock?
A. Honeymoon B. Gradual adjustment C. Irritability and hostility D. Repatriation E. Adaptation
Innovative Inc is experiencing a boom for the products it has introduced recently. The estimated annual sales projected for the next five years are given in the following table. The current capacity is equivalent to only $100 million sales
The company is considering the alternative of expanding capacity to an equivalent of $250 million sales. Assume a 25 percent pretax profit margin. What is the increase in total pretax cash flow (summed over all years) that would be enjoyed because of the expansion? Year Annual Sales (in $ million) 1 100 2 140 3 170 4 200 5 250 A) less than or equal to $40 million B) more than $40 million but less than or equal to $70 million C) more than $70 million but less than or equal to $100 million D) more than $100 million