Which of the following favor low-cost retailers?
A. physical shopping goods
B. heterogeneous shopping goods
C. household shopping goods
D. homogeneous shopping goods
E. specialty shopping goods
Answer: D
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Ford and its network of independent franchised dealers is an example of a ________
A) manufacturer-sponsored retailer franchise system B) manufacturer-sponsored wholesaler franchise system C) service-firm-sponsored retailer franchise system D) service-firm-sponsored equity strategic alliance E) manufacturer-and-service-sponsored joint venture
Why is the quick ratio probably better than the current ratio as a measure of short-term liquidity?
As a result of constrained decision making in franchising, _____
a. oversaturation of outlets can occur b. royalties are based on sales, not profits c. the franchisor can limit franchisee input into planning d. the franchisor uses short-duration leases
Products that are in the process of being manufactured but are not yet complete are called:
A. Finished goods inventory. B. Cost of goods sold. C. Raw materials inventory. D. Conversion costs. E. Work in process inventory.