How do retail information and supply chain management help retailers gain a strategic advantage?
What will be an ideal response?
Retail information and supply chain management systems offer a significant opportunity for retailers to gain strategic advantage. Retailers are developing sophisticated computer and distribution technologies to monitor flows of information and merchandise from vendors to retail distribution centers to retail stores. These technologies are part of an overall inventory management system that enables retailers to (1) make sure desired merchandise is available when customers want it and (2) minimize the retailer's inventory investment.
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Mr. Stevens has arranged a bowling league for the people on his team. He is also a member of this team, which meets to play once a week. Each Friday, he takes a different member of his team out to lunch. He will also often text a member of his team after work hours to ask the team member a question. Mr. Stevens probably has a strong ______.
a. need for achievement b. need for affiliation c. need for power d. none of these
It is usually a good business practice to maintain as large a balance in the Cash account as possible
Indicate whether the statement is true or false
The capital provided by common shareholders during the period used for calculating the return on common equity equals
a. the average par value of common stock, capital contributed in excess of par value on common stock, retained earnings, and any other common shareholders' equity accounts for the period. b. average preferred shareholders' equity less average total shareholders' equity. c. the ending par value of common stock, capital contributed in excess of par value on common stock, retained earnings, and any other common shareholders' equity accounts for the period. d. ending preferred shareholders' equity less ending total shareholders' equity. e. choices a and b
Emery Products is deciding whether to outsource the production of a certain component that is included in all of its products
It currently costs Emery Products $1.20 to make each component in-house. If Emery Products outsources, it can buy the component ready-made for $0.90 each and can shut down the production facilities it is currently using to manufacture the component and save $20,000 a year in fixed costs. Annual requirement for the component is 12,000 units. What is the effect of outsourcing? What will be an ideal response