The stereotypical automobile dealership uses tactics like high pressure and bargaining to get customers to buy. This is an example of the ________ orientation.
A. sales
B. customer
C. production
D. marketing
E. relationship
Answer: A
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Chancellor Company purchased merchandize worth $900 on credit, terms n/30 . What is the required journal entry to record the transaction under the periodic inventory system?
a. Accounts Receivable 900 Purchases 900 b. Purchases 900 Accounts Payable 900 c. Merchandize Inventory 900 Accounts Payable 900 d. Accounts Payable 900 Merchandize Inventory 900
An effective speech integrates in support of the speechmaker’s thesis
a. an array of relevant research. b. only informal research. c. only formal research. d. only information from personal experience.
Use this information for questions that refer to the United Tools case.Terry Harter is marketing manager for United Tools, and Mike O'Reilly is the firm's logistics manager. They work together to make decisions about how to get United's hand and power tools to its customers-a mix of manufacturing plants and final consumers (who buy United tools at a hardware store). United Tools does not own its own transport facilities, and it works with wholesalers to reach its business customers.Together, Harter and O'Reilly try to coordinate transporting, storing, and product-handling activities to minimize cost while still achieving the customer service level their customers and intermediaries want. This usually requires that United keep an inventory of most of its products on hand; but demand for
its products is fairly consistent over time, so inventory is easy to manage.Harter has identified four options for physical distribution systems she could use to reach two of her key wholesalers, Ralston Supply and Ricotta Tool Co. The total cost for each option-and the distribution service levels that can be achieved-are as follows:
Ralston Supply expects a very high level (90 percent) of distribution customer service. Ricotta Tool Co. is willing to settle for a 70 percent customer service -leveleven if that means some products will occasionally be out of -stockif it gets products at a lower price.For its large retail hardware customers (like Home Depot), United regularly ships smaller orders directly to individual stores or in some cases to the retail chain's warehouses. Cross-country shipments usually go by rail, while regional shipments usually go by truck. When United Tools considers its total inventory cost, which of the following would NOT be included?
A. costs of damage to products while in inventory
B. costs of inventory becoming obsolete
C. cost of money tied up in inventory
D. cost of a storage facility
E. All of these should be included in total inventory cost.
Zach decided to incorporate his business under the name of "Zamm." In addition to "Zamm," the Model Act requires that Zach include one of the following words: "corporation," "incorporated," "limited," or "company" or an abbreviation thereof
a. True b. False Indicate whether the statement is true or false