Cash-and-carry wholesalers draw most of their customers from large retailers and industrial firms.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Trent owns and manages a small electronics repair store. He determines the time required by his employees to complete each task assigned by him. When employees complete the repairs in less time, they receive an amount of pay equal to that time determined by him. In this scenario, Trent is using a
A. differential piecework plan. B. straight piecework plan. C. Scanlon plan. D. merit pay plan. E. standard hour plan.
Customer loyalty means
A. customers make the highest amount of their purchases at one retailer and will be loyal to that retailer. B. customers have most recently shopped and purchased from the retailer. C. customers are committed to purchasing from the retailer and will seldom shop at competing stores. D. customers have positive emotions about a retailer and will be loyal to that retailer. E. customers have a high frequency of purchasing merchandise from the retailer.
Net income occurs when revenues exceed expenses.
Answer the following statement true (T) or false (F)
When a firm uses a direct-shipment design, ______.
A. each supplier sends shipments directly to each of the buying firm’s locations B. the only decision the buying company’s purchasing manager has to make is the quantity of goods to be ordered C. the only decision the buying company’s purchasing manager has to make is the price of goods to be ordered C. the only decision the buying company’s purchasing manager has to make is the date the goods are to be delivered