A disadvantage of centralized purchasing to a chain retailer is _____
a. overdependence on the boss
b. lack of quantity discounts
c. absence of bargaining power
d. the difficulty in adapting to local needs
d
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Which message strategy is a claim of superiority based on a product's specific attribute or benefit, which cannot then be used by a competitor?
A) generic B) preemptive C) unique selling proposition D) hyperbole
Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1 . The bonds have an annual interest rate of 6% payable on June 30 and December 31 . The entry to record the purchase of the bonds would include a
a. debit to Interest Receivable for $2,000 b. debit to Investment in Bonds for $202,000 c. debit to Cash for $200,000 d. credit to Interest Revenue for $2,000
Sample size in a MUS sample is a function of risk of incorrect acceptance, tolerable misstatement, and expected misstatement
a. True b. False Indicate whether the statement is true or false
Worthington Farm raises chickens. For years, it has used wooden coops to haul its poultry to market
The owner of the farm needs to buy some replacement coops and is considering buying plastic coops that are slightly more expensive than wooden ones but much easier to clean after use. This purchase of coops is an example of a ________. A) straight rebuy B) customer-reference purchase C) modified rebuy D) reciprocal purchase E) reverse marketing purchase