List the major types of limited-service wholesalers and explain how each type functions
What will be an ideal response?
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. Delivery people set up displays, price goods, and keep inventory records; they retain title to goods and bill retailers only for goods sold to the end of the year.
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.
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Answer the questions below.
a.Suppose the economy is initially in long-run equilibrium in the AD-AS model. Draw a diagram showing long-run equilibrium, including the AD, LRAS, and SRAS curves. b.Now suppose stock prices decline sharply. Draw a new diagram showing the AD, LRAS, and SRAS curves. How have the level of output and the price level changed? What happens to consumption spending and investment spending? c.Redraw your diagram from part b, then draw new lines to show what would happen if the Fed changed monetary policy to return the economy to full-employment equilibrium. Does the money supply increase or decrease? Which curve (AD, LRAS, or SRAS) shifts as a result of the Fed's policy change? What happens to the price level and level of output compared with what they were in part b? What happens to consumption spending and investment spending compared with what they were in part b? What will be an ideal response?
The difference between goods available for sale and ending inventory is:
a. gross profit. b. cost of goods sold. c. net sales. d. net purchases.
Dining in a Japanese home requires sitting in a kneeling position on a tatami mat
Indicate whether the statement is true or false.
Negotiating order instruments requires either delivery or indorsement but not both
Indicate whether the statement is true or false