Discrepancies of assortment occur because individual producers tend to specialize in producing a large assortment of products, while individual consumers prefer to buy a small assortment of products.

Answer the following statement true (T) or false (F)


False

Discrepancy of assortment means the difference between the lines a typical producer makes and the assortment final consumers or users want.

Business

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The proportion of a store's sales made to shoppers who live more than 15 miles from a store (outshoppers) can be most reliably studied using _____

a. a telephone survey b. observation c. a personal survey d. customer billing data

Business

When an effective graphic is used in a report, there is no need for additional interpretation and analysis of the data

Indicate whether the statement is true or false

Business

Sometimes all that needs to be done to satisfy a customer complaint is to listen to the customer.

Answer the following statement true (T) or false (F)

Business

How is a firm's retained earnings at the end of the year calculated??

A. ?Retained earnings = Beginning balance of retained earnings minus net income in the current year plus net loss in the previous year B. ?Retained earnings = Beginning balance of retained earnings plus net income in the current year plus dividends paid in the current year C. ?Retained earnings = Beginning balance of retained earnings plus net income in the current year minus dividends paid in the current year D. ?Retained earnings = Beginning balance of retained earnings minus net loss in the previous year minus dividends paid in the current year E. ?Retained earnings = Beginning balance of retained earnings minus net income in the current year plus dividends paid in the current year

Business