The ________ says that new types of retailers enter the market as low-status, low-margin, low-price operators and then, if successful, evolve into more conventional retailers offering more services with higher operating costs and higher prices.
A. mass-merchandising concept
B. production concept
C. sales concept
D. break-even analysis
E. wheel of retailing theory
Answer: E
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Which statement is true of high-performance work systems?
A. Creating a high-performance work system is akin to using traditional management practices. B. A high-performance work system usually excludes reward systems. C. Integrated high-performance work practices usually have little impact on productivity and long-term financial performance. D. To develop a high-performance work system, organizations need to determine what kinds of people fit their needs and then locate, train, and motivate those special people. E. To function as a high-performance work system, people, technology, and organizational structure must be completely independent of one another.
A ________ is a group of customers who are bound together by their loyalty to a retailer and the activities the retailer sponsors and undertakes.
A. target market B. customer pyramid C. frequent shopper community D. consideration set E. retail brand community
Once a party has waived rights to a portion of a contract that has not yet been performed, that party may retract the waiver:
A. only if the other party does not object to it. B. by giving reasonable notice that strict performance will be required. C. unconditionally. D. if there is a material change of position by the other party.
A company's income statement showed the following: net income, $125,000 and depreciation expense, $30,300. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9500; merchandise inventory increased $18,200; and accounts payable increased $3500. Calculate the net cash provided or used by operating activities.
A. $160,500. B. $179,500. C. $124,100. D. $119,000. E. $150,100.