Nonny agrees to buy a unique collection of Olympics memorabilia for $7,000 from Piper and sends $1,500 as a down payment. When Nonny sends Piper the rest of the price, she refuses to ship the collection. Nonny should seek
a. damages.
b. quasi-contractual recovery.
c. rescission.
d. specific performance.
D
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Department stores carry narrow product lines with deep assortments within those lines
Indicate whether the statement is true or false
Which of the following is/are false regarding a merchandising firm?
a. A merchandising firm purchases inventory for resale. b. A merchandising firm does not change the physical form of the inventory. c. A merchandising firm performs no incremental work on the inventory. d. A merchandising firm adds nothing to the acquisition cost of the inventory after it is purchased. e. None of the above are false regarding a merchandising firm.
Game Systems Corporation has grown significantly over the past year. The end-of-year supplies on hand totaled $200, and purchases totaled $3,000, and supplies on hand at the beginning of the year amounted to $180. How much will Game Systems report as supplies expense for the current year?
A) $2,980 B) $3,180 C) $3,200 D) $3,000
The objective with transaction-oriented but profitable customer is to
a. retain them by investing heavily. b. capture as much of their business as possible in the short time they buy from a particular company. c. reduce the cost to serve them by imposing strict cost controls. d. increase the share of these customers' business. e. increase the amount of communication with them.