Define inventory for a merchandising company and describe how inventory is valued and reported.
What will be an ideal response?
Merchandise inventory refers to products a company owns and intends to sell. Its costs include all necessary expenses to buy the goods, ship them to the store, and make them ready for sale. Merchandise inventory is a current asset on a merchandiser's balance sheet.
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According to Young & Rubicam's 4Cs, craftsmen and teachers are included in the psychographic segment called Transitionals
Indicate whether the statement is true or false
Some people want healthy cereal that will help them lose weight or possibly prevent certain kinds of cancer. Some want presweetened cereal. Some want fruits and nuts in their cereal. Some people want whole wheat cereal while others want rice cereal
There are some who like hot cereal and others who like to eat their cereal right out of the box. The diversity of consumers for cereal is an example of ________. A) market aggregation B) market similitude C) economic aggregation D) disintermediation E) market fragmentation
Describe the four critical dependent variables that managers must control to compete as a modern organization.
What will be an ideal response?
When you use slang or jargon in conversation with businesspeople from other cultures, you should speak extremely slowly and avoid confusing specifics
Indicate whether the statement is true or false