How are American businesses utilizing new technologies to improve their inventory management? Provide examples to illustrate your response
What will be an ideal response?
(Students' answers may vary. The answer given below is indicative.)
New technologies can offer exciting opportunities for marketers. The technological advancement of radio-frequency identification (RFID) transmitters is rapidly changing the way companies control their inventory. RFIDs can be embedded in the products you buy. Many firms are already using RFID technology to track products and customers at various points in the distribution channel. For example, Walmart has strongly encouraged suppliers shipping products to its distribution centers to apply RFID tags to their pallets. And retailers such as American Apparel, Macy's, and Bloomingdales are now installing item-level RFID systems in their stores. Fashion and accessories maker Burberry even uses chips imbedded in items and linked to smartphones to provide personalized, interactive experiences for customers in its stores and at runway shows.
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When the amount for a debit entry in a journal is transferred to a specific account in the general ledger, it must be recorded
a. as a debit to that account in the general ledger. b. as a credit to that account in the general ledger. c. in sum only, without any regard for debit or credit, since the general ledger accounts do not have spaces for debit and credit entries. d. cannot be determined without further information.
What is the second step in the negotiation process outlined in the text?
A. outlining goals and objectives B. setting ground rules and shaping expectations C. providing supporting evidence for positions D. write and sign a formal agreement
Which of the following is a disadvantage of licensing?
A) The licensing company gains entry into a foreign market at a high risk. B) It takes a lot of time for the licensee to gain production expertise and name. C) Licensing is a complex way for a manufacturer to enter international marketing. D) The licensor potentially creates a competitor in the form of the licensee. E) The licensee is restricted from gaining knowledge about the licensor's intellectual property.
Indicate the correct form of the verb in parentheses. With the collapse of the Soviet Union in 1991, Estonia (past tense of become) an independent nation again after 51 years