Items with lower markups may be more profitable if the stockturn rate is higher.
Answer the following statement true (T) or false (F)
True
Retailers may be able to take a lower markup and still earn higher profits at the end of the period. The important idea here is the stockturn rate.
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The cost complement is the _____
a. adjusted retail book value times gross margin b. total cost of goods sold divided by total retail sales c. total retail valuation times 0.7 d. total cost valuation divided by the total retail valuation
The plural form of the courtesy title "Dr." is "Drs."
Indicate whether the statement is true or false
With what type of audience should you avoid a question-and-answer period at the end of your presentation?
A) ?A friendly audience B) A neutral audience C) An uninterested audience D) A hostile audience
Brands are important today because ____________________________.
a. It complicates the decision making process b. Consumers have learned to trust brands and rely on them when buying c. With a saturated market, brands allow consumers varied promises d. Consumers like to try different types of products