Millennials represent roughly ________ of the population, and ________ in annual buying power.
A. 10 percent; $100 billion
B. 75 percent; $1 trillion
C. 35 percent; $1 trillion
D. 60 percent; $1 trillion
E. 25 percent; $200 billion
Answer: E
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The Commerce Clause of the U.S. Constitution gives the federal government the power to regulate commerce "with foreign nations" and "among the several states."
Answer the following statement true (T) or false (F)
Rewards given as contest prizes to brokers, retail salespeople, retail stores, wholesalers, or agents would be considered a:
A) trade allowance B) trade contest C) cooperative merchandise agreement D) drop-ship allowance
A scale that connects two bipolar words is called a ________
A) dichotomous question B) multiple-choice question C) Likert scale D) semantic differential E) word association
Sales returns:
A. Refer to reductions in the selling price of merchandise sold to customers. B. Refer to merchandise that customers return to the seller after the sale. C. Are not recorded under the perpetual inventory system until the end of each accounting period. D. Represent trade discounts. E. Represent cash discounts.