A furniture retailer has a beginning-of-year inventory (at cost) of $400,000; ending inventory (at cost) is $270,000 . Yearly purchases are $700,000 and transportation charges equal $5,700
The retailer's merchandise available for sale during the year is _____.
a. $570,000
b. $575,700
c. $735,700
d. $1,105,700
d
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Trade ministers representing the WTO member nations meet ________ to work on improving world trade
A) weekly B) monthly C) annually D) biannually E) fortnightly
Which of the following is likely to occur if a company has an insufficient number of territories?
A) A salesperson would spend too much time traveling and not enough time selling. B) It would lower a salesperson's income. C) Salespeople would fight over the geographic boundaries. D) Territories would overlap.
Shamar is an upper-level manager at Fortune 500 company. The company feels like they are outdated and want to recreate their image and go in a different direction. What kind of planning will Shamar use to develop their new mission and long-range objectives?
a. long-range planning b. strategic planning c. single-use planning d. operational planning
In 2005, when MySpace was the leading social network, News Corp., owner of The Wall Street Journal and Fox News, bought the firm for $580 million. But its membership declined precipitously due to changing consumer preferences, and News Corp., sold MySpace to a group of investors for a paltry $38 million in mid-2011. This is an example of how ________ forces impact the marketing environment.
A. economic B. regulatory C. social D. competitive E. technological