Salespeople frequently offer prospects refreshments, small gifts, or free samples early in the sales process. Offering something is a powerful way to start your communication.
Answer the following statement true (T) or false (F)
True
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Which of the following is a measure of the time that it takes to convert current assets into cash?
a. accounts receivable turnover ratio b. cash to cash operating cycle c. number of days' sales in inventory d. working capital
In consumer-generated marketing, marketers play a bigger role in shaping consumers' brand experiences and those of others
Indicate whether the statement is true or false
In preparing the bank reconciliation, it is discovered that a check for the $87.00 telephone bill was written correctly for that amount but listed in error in the journal at $78.00 . This error will require a journal entry to correct the balance of the Cash account
Indicate whether the statement is true or false
Which of these category management measures is most similar to inventory turnover?
a. return on inventory investment b. gross profit per linear foot of shelf space c. days supply d. direct product profitability