A reduction from list price given to retailers to get shelf space for a product is a

A. push money allowance.
B. slotting allowance.
C. brokerage allowance.
D. trade allowance.
E. shelf allocation.


Answer: B

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Gross national income (GNI)

A. is an excellent basis for comparing consumer well-being across different cultures and economies. B. is a measure similar to GDP, but it does not include income earned by foreigners who own resources in that nation. C. is the total market value of services, but not goods, produced in a year. D. is the total market value of goods, but not services, produced in a year. E. All these answers are correct.

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The ending merchandise inventory for 2007 is the same as the beginning merchandise inventory for 2008

Indicate whether the statement is true or false

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Why do we need organizations?

What will be an ideal response?

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Which of the following statements about quality costs is true?

A) Both external and internal failure costs can be reduced (theoretically to zero) by paying more attention to quality issues early in the value chain. B) Increasing expenditures related to prevention and appraisal can result in significant overall cost savings in the long run. C) It may be prudent to increase expenditures in one or more areas in order to decrease other costs. D) All of these are true.

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