A retail operation would not have to take a physical inventory if it uses a perpetual inventory system
Indicate whether the statement is true or false
False
You might also like to view...
The sales–productivity ratio assigns floor space on the basis of sales or profit per foot
Indicate whether the statement is true or false
Preparing a bank reconciliation is a control activity.
Answer the following statement true (T) or false (F)
According to the text, "product"
A. includes all the elements of a marketing mix. B. means a physical good. C. means the need-satisfying offering of a firm. D. refers to goods but not services. E. All these answers are correct.
While reviewing this month's numbers, a retail manager noticed that the stockturn rate was much higher than last month. What does this mean?
A. Their profits have declined. B. Product is selling more quickly this month than last. C. Product is selling less quickly this month compared to last. D. Their costs have risen. E. None of these answers relates to stockturn rate.