Best Tools maintains an average finished goods inventory of $15 million and its annual cost of goods sold is $180 million. How many times per year do they turn over their inventory?
A) 8.33
B) 12
C) 10
D) 15
B) 12
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Which of the following is generally true about the marketing of high-touch products such as fine china and crystal?
A) It relies equally on specialized information and image. B) It relies less on image and more on specialized information. C) It relies less on specialized information and more on image. D) Neither image nor specialized information is relevant to the marketing of high-touch products. E) It relies partially on specialized information and partially on image.
Applied research:
a. is primarily conducted to broaden knowledge base. b. is primarily aimed at developing new or improved products. c. is also known as pure research. d. primarily involves compiling and analyzing sales strategies of competitors.
Ad hoc is a Latin phrase meaning:
a. "administrative hocus-pocus." b. "for this purpose." c. None of the answers are correct. d. "formal meeting."
Corporate social responsibility includes the actions of a firm that go beyond the requirements of the law and the direct interests of the firm.
Answer the following statement true (T) or false (F)