What are the different types of off-price retailers?
What will be an ideal response?
The three main types of off-price retailers are independents, factory outlets, and warehouse clubs. Independent off-price retailers either are independently owned and run or are divisions of larger retail corporations. A factory outlet is an off-price retailing operation that is owned and operated by a manufacturer and normally carries the manufacturer's surplus, discontinued, or irregular goods. A warehouse club is an off-price retailer that sells a limited selection of brand-name grocery items, appliances, clothing, and other goods at deep discounts to members who pay annual membership fees.
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The ultimate threat a foreign government can pose toward a company is seizing assets. South Korea nationalized Kia, the nation's number three automaker, in the wake of the Asian currency crisis
How does this nationalization differ from expropriation and confiscation?
Global Engineering's actual operating income for the current year is $56,000. The flexible budget operating income for actual sales volume is $51,000, while the static budget operating income is $54,000. What is the sales volume variance for operating income?
A) $3000 favorable B) $2000 unfavorable C) $3000 unfavorable D) $2000 favorable
Which of the following statements about sales jobs is most likely false?
A. Salespeople represent their companies to the outside world. B. Salespeople spend little or no company funds for entertainment. C. Sales jobs require salespeople to exhibit more tact than other professions do. D. Many salespeople work with little or no supervision. E. Many sales jobs require considerable traveling and time spent away from family.
A firm selling food should have higher inventory turnover rate than a firm selling office furniture
Indicate whether the statement is true or false