A firm that chooses a low-risk, restrictive credit policy will tend to have a larger investment in receivables
Indicate whether this statement is true or false.
Answer: FALSE
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When making a good markdown decision, a retailer should
A. consider only the rules-based approach because it has proven its reliability. B. only trust its own tastes and intuitions when stocking merchandise. C. rely exclusively on computer software designed for optimal pricing. D. look to limit markdowns as they hinder customer loyalty. E. work closely with its vendors and share the financial burden of the markdowns.
How has the Internet aided in the administration of customer relationship management (CRM)?
What will be an ideal response?
Altering consumer behavior is an effort mostly focused on
A) persuading consumers they are making the wrong purchase decision. B) offering a good or service at the right time in the right place for the right price. C) using non-traditional media to convey a product message. D) changing consumers' actions, attitudes and access to information. E) advertising messages alone, not public relations tools.
Harriet, Mickey, and Zack decide to liquidate their partnership. All assets are sold and the liabilities are paid. Following these transactions, the capital balances and profit and loss percentages are as follows: Harriet, $27,000 and 30%; Mickey, $(12,000 ) and 40%; Zack, $43,000 and 30%. Mickey is unable to contribute any assets to reduce the deficit. How much cash will Harriet receive as a
results of the partnership liquidation? A) $27,000 B) $21,000 C) $23,400 D) $15,000