Retailers who earn high profits generally use higher markups than retailers who have low profits.
Answer the following statement true (T) or false (F)
False
Some retailers try to speed turnover to increase profit, even if this means reducing their markups. The markup combines with the stockturn rate to determine what the product actually earns.
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Which of the following is TRUE of substance abuse and work in the U.S.?
a. Substance abuse is estimated to cost employers $120 billion a year. b. Substance abuse by employees has fallen dramatically every year for several decades. c. Protected groups, especially racial minorities, make up the typical illegal drug user. d. Substance abuse is a problem but rarely affects job performance.
Which of the following is a method for measuring service quality?
A) SWOT analysis B) a market audit C) break-even analysis D) the critical incident technique E) market fulfillment
Which of the following accounts for the majority of word-of-mouth that occurs?
A) e-mail B) telephone C) face-to-face D) blogging E) texting
You have $5,000 in a 36 month Certificate of Deposit that has an APR of 3.75%. If inflation averages 4.25% during these 36 months, what is the real return on your CD?
A) 3.75 percent B) 8.0 percent C) Negative .50 percent D) Negative 8.0 percent