Which of the following is any method a firm uses to complete an exchange that does NOT require a customer to visit a store?
A) kiosk merchandising
B) nonstore retailing
C) direct selling
D) exchange retailing
E) e-commerce
B
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Under the periodic system, cost of goods sold is determined by subtracting ending inventory from cost of goods available for sale
Indicate whether the statement is true or false
The elapsed time needed to complete a business process is called ________
Fill in the blank with the appropriate word.
Ferro Enterprises uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours. During the month of September, the company applied $52,000 in fixed manufacturing overhead cost to units of product. At the end of the month, manufacturing overhead was overapplied by $3,000. If there was no volume variance in September, then the budgeted fixed manufacturing overhead cost for the month was:
A. $49,000 B. $52,000 C. $58,000 D. $55,000
Some contracts must be in writing and signed to be enforceable. Contracts that are covered by the statute of frauds include:
a. contracts for the sale of land b. promises to pay the debts of another person c. contracts that cannot be finished within a year d. promises made in consideration of marriage e. all of the other choices