List the major types of limited-service wholesalers and identify the functions of each
What will be an ideal response?
There are several types:
? Cash and carry wholesalers sell a limited line of fast-moving goods to small retailers for cash.
? Truck wholesalers sell and deliver a limited line of semiperishable goods to supermarkets, grocery stores, hospitals, restaurants, and hotels.
? Drop shippers serve bulk industries such as coal, lumber, and heavy equipment. They assume title and risk from the time an order is accepted to its delivery.
? Rack jobbers serve grocery retailers in nonfood items, setting up displays, pricing goods, and keeping inventory records; they retain title to goods and bill retailers only for goods sold.
? Producers' cooperatives assemble farm produce to sell in local markets.
? Mail-order wholesalers send catalogs to retail, industrial, and institutional customers; orders are filled and sent by mail, rail, plane, or truck.
You might also like to view...
Which of the following firms would most likely use a process costing system?
A) Firm providing legal services B) Firm manufacturing papers C) Firm providing advertising services D) Firm printing wedding invitations
Answer the following statement(s) true (T) or false (F)
1. Investors make money off stocks through capital gains and dividends. 2. Coca-Cola and General Electric are both blue-chip stocks. 3. Stocks issued by lage, well-capitalized companies are called blue-chip stocks. 4. Blue-chip stocks are stocks that have been identified by Merrill Lynch as fast-growing can’t miss stocks. 5. Generally speaking, the higher the risk of a security, the higher its rate of return.
Conflicts between two mutually exclusive projects occasionally occur, where the NPV method ranks one project higher but the IRR method ranks the other one first. In theory, such conflicts should be resolved in favor of the project with the higher positive IRR.
Answer the following statement true (T) or false (F)
The ________ strategy utilizes a standardized product across countries
Fill in the blanks with correct word