How do resellers answer criticism of the high costs of distribution?
What will be an ideal response?
Resellers argue that intermediaries provide services that customers want, such as more convenience, more service, longer store hours, and return privileges. Also, retail competition is so intense that profit margins are actually quite low.
You might also like to view...
Individual entries are posted from which of the following columns in the combination journal to the proper general ledger account?
a. Post. Ref. column b. Date column c. Cash Credit column d. General Debit column
A company's five-day weekly payroll of $980 is paid on Fridays. Assume that the last day of the month falls on Wednesday. Which of the following is the required adjusting entry for the month end?
a. Debit Salaries Payable $588 and credit Salaries Expense $588. b. Debit Salaries Expense $588 and credit Salaries Payable $588. c. Debit Unpaid Salaries $588 and credit Salaries Payable $588. d. Debit Salaries Expense $392 and credit Salaries Payable $392.
Kayla is the new manager of a resort hotel. She knows from reviewing customer complaints that service quality at the hotel is not consistently meeting customers' expectations, and she believes that the biggest problem is that her employees are not sure what is expected of them. To improve service quality, Kayla will
A. set specific, measurable goals based on customers' expectations. B. separate intangibles from tangibles. C. empower customers to meet their own service needs. D. narrowly define a knowledge gap. E. establish a broad zone of intolerance to reduce customer complaints.
A salesperson tells his customers that he will give them some freebies if they purchase laptops from his store. However, he has neither asked the store manager if he can do so nor checked if the shop has an adequate stock of freebies. As such, he is not able to deliver the freebies to his customers. Which decision-making trap does this scenario exemplify?
A. Promising too much B. Overlooking precedent C. Responding inappropriately to failure D. Assuming only one choice is right