A major advantage of a late markdown policy is that _____
a. lower markdowns are required
b. selling space is freed for new merchandise
c. the retailer has an opportunity to sell more merchandise at the original price
d. a retailer's cash flow position is improved
c
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A retailer plans store space by starting planning at the individual product level and then proceeds to the category, total store, and overall company levels in _____
a. rationalized retailing b. mass merchandising c. a top-down space management approach d. a bottom-up space management approach
Sophie issues a promissory note made "payable to the order of Molly." Molly indorses the note by signing her name and gives the note to Dana. Which of the following is correct?
a. Sophie issued a bearer instrument and Molly kept it in bearer form. b. Sophie issued an order instrument, but Molly changed it to bearer form. c. Sophie issued an order instrument and Molly kept it in order form. d. Sophie issued a bearer instrument and Molly changed it to bearer form.
The idea behind the tactic of expressing constructive disagreement is to be a yes-person with your boss in a meeting, but later send a memo describing your disagreement
Indicate whether the statement is true or false.C
At the optimal order quantity (EOQ), the total annual ordering cost is given by ______.
a. (Annual demand * EOQ) / Ordering cost per order b. (Annual demand + EOQ) * Ordering cost per order c. (Annual demand – EOQ) – Ordering cost per order d. (Annual demand / EOQ) * Ordering cost per order