Time-Reduction Logistics Initiatives
a. require a total re-evaluation of supply chain strategies.
b. could change pull to push.
c. could change push to pull
d. have not found as much interest as other strategies.
c
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At the beginning of 2016, the Joan Company had an inventory valued at $34,375 at cost ($50,000 at retail). During the year, Joan purchased inventory for $50,000 ($70,000 at retail), and made markdowns of $7,500. Joan's sales in 2016 were $62,500. What is Joan's estimated ending inventory at FIFO cost using the retail inventory method?
A) $37,500 B) $40,000 C) $39,000 D) $34,375
Which of the following increases the likelihood a brand is discussed in face-to-face, oral communications?
A) brand novelty B) brand salience C) brand excitement D) brand surprise E) brand edginess
Which of the following is a type of comparative scale?
A) continuous rating B) constant sum C) itemized rating D) both A and C
The usual starting point in the budgeting process is a plan showing the planned sales units and the revenue expected from these sales. This plan is called the:
A. Operating budget. B. Business plan. C. Sales budget. D. Income statement budget. E. Merchandise purchases budget.