A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory
Indicate whether the statement is true or false
False
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Suppose an individual buyer purchases three pairs of shoes each year at $50 each pair and that there are 50 million such consumers in the economy. Compute the total market potential for shoes
A) $5,000 million B) $6,500 million C) $7,500 million D) $10,000 million E) $75 billion
The goal of competitive marketing intelligence is to evaluate and prevent high employee turnover
Indicate whether the statement is true or false
The "universal functions of marketing" consist only of buying, selling, transporting, and storing.
Answer the following statement true (T) or false (F)
The Johnson Spring Coal Mine recently discovered that the mine was contaminating the local drinking water. Cleaning up the mine and the surrounding areas would probably bankrupt the mine, causing the loss of hundreds of local jobs, but doing nothing would endanger the health of the community. The mine faces a serious ____ decision.
A. business B. ethical C. environmental D. social responsibility E. cost