The supercenter retailing format began in the U.S. and then was exported to other countries.
Answer the following statement true (T) or false (F)
False
The supercenter concept initially developed in Europe and was adapted to the United States.
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A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,600; Freight-In, $650; Purchases, $10,700; Purchases Returns and Allowances, $1,950; Purchases Discounts, $330 . The cost of merchandise purchased is equal to
a. $12,670 b. $9,070 c. $8,420 d. $17,230
Ruth is tired of performing the same task over and over again. She decided to spend some time trying to find a work-around to her boring problem by creating a macro or automated function using Keyboard Maestro. This will get the job done for her quickly and help her creative juices to flow. This is an example of which component of creativity?
a. Incentive b. Creative thinking skills c. Motivation d. Expertise
The ________ is the compound annual rate of return that a firm will earn if it invests in the project and receives the given cash inflows
A) risk-free rate B) internal rate of return C) opportunity cost D) cost of capital
Ritz-Carlton HotelsCesar Ritz, the founder of the original Ritz-Carlton, Boston, was known as the "king of hoteliers and the hotelier to kings." Today, there are more than 70 Ritz-Carlton hotels spanning 24 countries with 38,000 employees. These are not typical employees, though. They are described as "Ladies and Gentlemen serving Ladies and Gentlemen." Each employee participates in an intensive orientation program and recertification programs throughout their careers with the company, and many are allowed $2,000 to fix a guest's problem on the spot without managerial approval. So renowned is the Ritz way of doing business that the company offers a Leadership Center for executives and managers of other companies to learn and implement the Ritz way of customer service. It
doesn't stop with employees, though. Ritz-Carlton hotels recently launched "Give Back Getaways" in 2008 that allow guests to volunteer in locales where they are vacationing. The hotel also offers "Vow to Help Others" which is a program that donates a portion of a wedding couple's reception costs to those in need. The chief operating officer's words sum up Ritz-Carlton's philosophy best when he stated, "If we really do our job, we really don't need sales anymore. Satisfied guests are your advertising."Refer to Ritz-Carlton Hotels. A guest's suitcase was lost while in the care of hotel employees, and that guest needed his suit for an important business meeting. The desk clerk took the guest to a local mall to purchase clothing and shoes totaling $850. The fact that Ritz-Carlton employees have the authority to solve customers' problems quickly illustrates that these employees are given: A. authority training B. customer value giving C. cross-utilization D. teamwork E. empowerment