The local hominy man is anticipating a bumper crop this year,
so he arranges with a chain of grocery stores to stock up on his hominy as part of a Homina Homina Hominy campaign to lure customers in to the stores during September for cans of the divinely salty, yet nutritious vegetable. This approach is an example of
A) DC replenishment collaboration.
B) store replenishment collaboration.
C) retail event collaboration.
D) assortment planning collaboration.
Answer: C
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Smith Company presents the following data for 2012. Inventories, beginning of year $ 310,150 Inventories, end of year 340,469 Cost of Goods Sold 2,103,696 Net Sales 8,690,150 The number of days' sales in inventory is:
a. 65.8. b. 60.8. c. 59.1. d. 58.1. e. 60.4.
Which of the following represents the thinking behind supercenters?
A. They offer a nearly complete selection of merchandise within a single category and use self-service, discount prices, high volume, and high turnover to their advantage. B. They sell overruns, irregular merchandise, and/or overstocks purchased from manufacturers at or below cost. C. They sell items from a full-line discount stock to customers who are drawn in primarily by the food on sale. D. They specialize in a single line of merchandise and become the dominant retailer in its category.
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:August 210 units were purchased at $12 per unit.August 1815 units were purchased at $14 per unit.August 2912 units were sold.What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
A. $158.40 B. $148.00 C. $210.00 D. $150.50 E. $330.00
What is an insurance product that covers the financial loss on a structure and/or its contents?
A) Casualty insurance B) Renter's insurance C) Loss insurance D) Structure insurance E) Property insurance