What is wholesaling and why is it performed?
What will be an ideal response?
Wholesaling involves all the activities of marketing intermediaries who sell either to other wholesalers, agents, or retailers—but not to the consumer. Wholesalers exist because they add value to a product through the services that they provide. These services include: ownership, financing, risk assumption, promotional assistance, information, and product assortment.
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When an existing partner sells his interest to another party in a personal transaction ________.
A) it is considered a transaction between the partnership and the new party B) the old partnership will continue functioning, since the partner is replaced by another party without diluting the old partnership C) the journal entry simply debits the withdrawing partner's capital account and credits the new partner's capital D) the equity and assets in the balance sheet always increase by the same amount
Ferrari sports cars claim superior quality, performance, and style. Ferrari provides "perfection" at a premium price to keep its brand image intact. Which type of value proposition does Ferrari most likely position its products with?
A) more for the same B) more for more C) less for much less D) the same for less E) more for less
The balance of the Unearned Ticket Revenue account totals $5,000 on the unadjusted trial balance. If all of the ticket revenue has been earned, the Unearned Ticket Revenue account must be credited for $5,000 when the adjusting entry is recorded
Indicate whether the statement is true or false
It is good idea to dress for the position that you want, not the one you have
Indicate whether the statement is true or false