Limited-service wholesalers do not take title to the merchandise they handle.
Answer the following statement true (T) or false (F)
False
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A florist should consider the grocery store chain Kroger to be a ________ because consumers are able to purchase the same products at Kroger stores as it sells in its own.
a. customer b. strategic ally c.supplier d. distributor e. competitor
Which of the following is NOT a trend that is expected to provide new opportunities for marketers of services?
A) changing demographics B) declining levels of patriotism C) technological advances D) proliferation of information E) globalization
The bonding of employees is an example of which feature of a good system of internal control?
A) Authorization of transactions B) Sound personnel policies C) Separation of duties D) Limited access to assets
A steel manufacturer experienced a decrease in its fixed asset turnover from .9 in Year 5 to .7 in Year 6 . This change is consistent with which of the following explanations?
a. The firm sold a fully-depreciated factory on January 1, Year 6 that had been closed in Year 4 and held for sale since then. b. The steel industry operated at capacity during Year 6, permitting all firms to raise selling prices. c. The firm recognized an impairment loss on a factory that became obsolete during Year 6 because of new environmental regulations. d. The firm decreased the number of units produced and sold because of an inability to obtain needed raw materials. e. none of the above