List three advantages and one disadvantage of commercial software


Advantages include very quick implementation time, relatively inexpensive software, and reliable, tested software.

Disadvantages include not being able to customize the system and difficulty in modifying the software.

Business

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The merchandise purchases budget is the starting point for preparing the master budget of a merchandiser.

Answer the following statement true (T) or false (F)

Business

The availability of national brands can affect a customer's image of the retailer.

Answer the following statement true (T) or false (F)

Business

What is a contractual vertical marketing system? Give an example of a type of business that works as a contractual VMS

What will be an ideal response?

Business

A feasible solution to an integer programming problem is ensured by rounding down non-integer solution values

Indicate whether this statement is true or false.

Business