The major difference between gross and net profit is that net profit _____
a. includes transportation charges
b. uses a cost complement calculation
c. is based on LIFO, while gross profit is based on FIFO
d. deducts retail operating expenses
d
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An effective approach to increasing sales is to focus on the features of a product or service and not the benefits.
Answer the following statement true (T) or false (F)
The requirement that if one product or service is purchased then another product or service must also be purchased, even if not desired by the customer, is called:
a. a tying arrangement b. a boycott c. a merger d. a cartel e. a discrimination
A company that is issuing securities to the public must file a written ________ with the Securities and Exchange Commission (SEC).
A. registration statement B. writ of certiorari C. financial statement D. prospectus
A company having difficulty with timely delivery of parts to its manufacturing plants should implement a supply chain ________ system
A) execution B) planning C) optimization D) management E) touch point