What is the difference between a saturated trade area and an overstored trade area?
What will be an ideal response?
A saturated trade area has a sufficient number of stores already present to provide high customer traffic but also provides an environment in which a retailer can compete successfully. An overstored trade area has high customer traffic but has too many outlets selling the same goods, forcing some retailers to move or close.
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A petty cash fund was established with a $300 balance. It currently has cash of $73 and petty cash tickets totaling $222 for travel expense. Provide the journal entry to record the replenishment of the fund
What will be an ideal response
The Food and Drug Administration must ensure the safety of new medications
Indicate whether the statement is true or false
A transaction in which the owner gives possession of his personal property to another to secure a debt is:
A) an extraordinary bailment. B) a pledge. C) a consignment. D) commercial bailment.
The role of a management team is to
manufacture, assemble, or sell things. coordinate and provide direction to subunits. develop new products and services. complete work not normally done by the standard structure. follow instructions provided by first-line supervisors.