Kmart utilizes a strategy of moderate to low prices on large quantities of products and lower levels of service to stimulate a high turnover of inventory. Kmart offers a wide variety of different product lines. Kmart is an example of a:
A. factory outlet
B. mass merchandiser
C. convenience store
D. franchising operation
E. specialty store
Answer: B
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A cost that has both fixed and variable components is known as a ____________________ cost
Fill in the blank(s) with correct word
Which of the following statements about operational decisions is FALSE?
A. They usually require ongoing changes in the basic strategy to be effective. B. They are short-run decisions. C. They are part of the implementation process. D. They help to carry out a marketing strategy.
First-line managers focus primarily on directing operating employees.
a. directing b. planning c. attending meetings d. staffing e. controlling
Your firm issues 20-year bonds. This type of financing would be most appropriate for which of the following activities?
A) The support of accounts receivable B) The construction of a new warehouse C) The support of accounts payable D) The financing of inventory