In terms of merchandise, what is the difference between a classification and a category?
What will be an ideal response?
A classification is a group of items targeting the same customer type, such as girls' sizes 4 to 6. Categories are the next lower level in the classification scheme. Each buyer manages several merchandise categories. For example, the girls' sizes 4 to 6 buyer manages the sportswear, dresses, swimwear, and outerwear categories for girls who wear sizes 4 to 6.
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UltraMotion Pictures produces and distributes music and television entertainment in the United States. The company distributes music in partnership with a large music retailer, Fromen Tunes
Fromen executives often work for a short time with UltraMotion and some of the UltraMotion executives work at the retail outlets to study Fromen's operations. This strategy minimizes the conflicts between partners. What strategy is being used here? Briefly explain.
Please list the three things to keep in mind when dealing with your emotions and those of others.
What will be an ideal response?
Suppose that company noted a discrepancy whereby the amount of cash deposited in the bank account exceeded the amount included as cash sales on the cash register tapes. This overage should be recorded as a(n):
A) debit to Cash Over and Short. B) credit to Cash Over and Short. C) increase in Petty Cash. D) increase in Accounts Receivable.
________ advertising is often the most cost-effective medium available to a company.
Fill in the blank(s) with the appropriate word(s).