Which of the following best describes credit sales?
A. Sales to customers on account.
B. Sales with a high risk that the customer will return the product.
C. Cash sales to customers that are new to the company.
D. Sales to customers using credit cards.
Answer: A
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Which retail institutions fit the scrambled merchandising concept?
a. warehouse store and conventional supermarket b. warehouse store and box (limited-line) store c. convenience store and conventional supermarket d. combination store and superstore
Charging someone less than they are willing to pay is a practice referred to as
A. minimal pricing. B. underpricing. C. survival pricing. D. price skimming. E. dumping.
Jennifer and Jordan analyze their firm's HR policies. Jennifer analyzes the data of the last 10 years, while Jordan uses existing data on the firm's HR policies and also the data of the last 10 years to determine what will happen in the future. Which of the following statements is most likely true about the scenario?
A. Jennifer is using descriptive analytics, whereas Jordan is using predictive analytics. B. Both Jennifer and Jordan are using prescriptive analytics. C. Jennifer is using prescriptive analytics, whereas Jordan is using diagnostic analytics. D. Both Jennifer and Jordan are using predictive analytics.
The management at Morningside Logistics & Fulfillment is in crisis mode. Their proprietary order fulfillment software has malfunctioned, and though their information technology (IT) department assures them that a solution is forthcoming, in the meantime they have a mounting backlog of unfulfilled orders. Adding to the difficulty of the situation is the fact that completion of these orders necessitates access to sensitive company information. Management's best option is to
A) inform their customers that they have experienced an IT glitch, and offer them a 20 percent discount for the entire quarter to cover any losses they might incur. B) recruit the help of talented employees within the organization, even though this will give them access to information that is normally the purview of top management alone. C) outsource the problem to a competitor, with the understanding that doing so runs the risk of giving their rival an edge over Morningside Logistics. D) bring in help from an overseas firm, despite the fact that doing so may involve a learning curve and language barrier, because this is the cheapest solution. E) attempt to solve the problem entirely at the level of top management, with the knowledge that the task is monumental and will involve working around the clock for weeks.