Wal-MartWal-Mart, the world's largest retailer by revenue, announced that it will get back to its founder's roots by initiating more price cuts. Critics claimed that the giant was getting away from its original focus because it posted relatively high gross profit margins. CEO Mike Duke assuaged critics by saying Wal-Mart's $400 billion in sales will become even larger because the price cuts will attract more customers and it will lower its costs of goods sold.Refer to Wal-Mart. Most Wal-Mart stores are not located in shopping centers but rather are buildings all by themselves. This type of location is referred to as a:
A. primary outlet
B. freestanding store
C. pop-up store
D. single-unit retailer
E. strip store
Answer: B
You might also like to view...
A(n) _____ is a separate and fully equipped facility where a company can move immediately after a disaster and resume business.
Fill in the blank(s) with the appropriate word(s).
What does the phrase, "Revenue is recognized when earned" mean?
A) Revenue is recorded in the accounting records when the goods are received from a supplier, and reported on the income statement when sold to the customer. B) Revenue is recorded in the accounting records and reported on the income statement when the cash is received from the customer. C) Revenue is recorded in the accounting records when the goods are sold to a customer, and reported on the income statement when the cash payment is received from the customer. D) Revenue is recorded in the accounting records and reported on the income statement when goods are sold and delivered to a customer.
A sales journal is used to record cash sales.
Answer the following statement true (T) or false (F)
Biosafety Protocol is a United Nations-sponsored protocol that requires signatory countries to place the label ________ on all genetically engineered foods
A) "Warning—unnatural food particles" B) "May contain living modified organisms" C) "FDA tested and approved food" D) "WHO tested and approved food"