Furniture stores like Danube Furniture Shop, REO and Max Clothes shops are classified as Chain stores. This means that ____ a. They are owned by several individuals who decided to put a consumer store. b. They can be found everywhere in Oman and is owned and operated by a single company c. They are independently owned retail stores. d. They are stores which rents a space in a big mall

Furniture stores like Danube Furniture Shop, REO and Max Clothes shops are classified as Chain stores. This means that ____ a. They are owned by several individuals who decided to put a consumer store. b. They can be found everywhere in Oman and is owned and operated by a single company c. They are independently owned retail stores. d. They are stores which rents a space in a big mall

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section: Chapter Questions

Problem 1DQ

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Prior to accepting a customer’s order, a company should verify the amount of inventory on hand. Which of the following is not a reason to do this? Determine whether inventory records are accurate. Ensure accuracy of inventory records by reducing the amount by items order. Identify which products should be ordered from suppliers. Communicate to the customer when shipment will be sent.
Safety stocks are used a. To minimize transportation time b. To provide protection against the uncertainties of supply and demand c. To allow less expensive purchases by buying more d. To offer better incentives e. To attract more customers
44- A food store in a shopping festival is an example of which type of retail store? a. Fixed location store b. Temporary stores c. All of the options d. Free-standing store
Please explain ASAP and give example/s
i need 3 below answer A commercial draft typically: Multiple Choice specifies the payment amount and payment date. specifies that the purchaser use the seller’s bank as the guarantor. requires payment prior to the delivery of the goods. is signed upon delivery of the goods. involves a lien on the purchasers’ current assets. For a JIT inventory system to be efficient, the: Multiple Choice inventory must have an independent demand. firm’s suppliers need to be able to deliver goods quickly upon order. managers must limit production each day to a set quantity. firm must be a reseller of goods, not a manufacturer. supplying firm must be a subsidiary of the ordering firm The EOQ model considers all of the following except the: Multiple Choice cost of the inventory. carrying cost. fixed cost of an order. restocking cost. annual sales units.
b. Describe three conditions under which the ABC system is more useful than a traditionalcosting system.
Which of the followings is not in the group of flows connecting organizations in a channel? Select one: a. Price flow b. Flow of ownership c. Information flow d. Promotion flow n one way or another, most large companies sell to ________. Select one: a. other organizations b. not-for-profit companies c. consumers d. employees
Which of the following is a benefit manufacturers receive from selling through a regional distributor/industrial wholesaler? a. Regional wholesalers tend to order (directly from manufacturers) in large lot sizes that can be broken down into smaller units---which alleviates the need for manufacturers to ship many more small orders to local retailers. b. Regional industrial distributors typically provide their own promotional and technical support for the products they carry and so the manufacturer’s selling costs are reduced. c. Because regional industrial distributors own their own inventory, they are motivated to sell the products they have in stock. d. All of the above are reasons for using regional distributors/wholesalers.
Imagine that you are the chief operations officer (COO) of Amazon.com. You are interested in creating a competitive advantage for your company (compared to other online retailers) in that you wish to be able to provide to your customers faster shipping than you have been able to provide with your existing set of warehouses and fulfillment centers. It has been decided that using overnight shipping on every order (which would, of course, be about as quick as shipping could be) has been eliminated as a possibility due to being prohibitively expensive. Describe what you would recommend as the COO to improve the speed with which Amazon.com customers receive the products that they have ordered. What negative consequences or disadvantages, if any, do you see as a result of your proposed solution?
a. You are the coordinator of a nonprofit that distributes donated items to three local homeless shelters and want to figure out a way of distributing the donated items to the shelters who need it the most. Which of the following would most likely achieve your goal? Ask shelters to submit their requests, and decide what to send where based on their answers. Send all the donations to the shelter that has the least. Divide the donations evenly among the three shelters. Offer each shelter a virtual "budget" and have them bid on different items. b. Which of these best represent a planned approach and which best represent a market approach? (Categorize them) Ask shelters to submit their request, and decide what to send where based on their answers Send all the donations to the shelter that has the least Divide the donations evenly among the three shelters Offer each shelter a virtual "budget" and have them bid on different items.
Q/ Fill in the blanks with appropriate words: d) The number of ordering during the year is known as --------------------------------------.e) There are several variations of the EOQ model, depending on the ----------------------.
State whether the below statements are true or false. 3.1 electronic data interchange is the computer-to-computer transfer of the business documentation in a standard, machine processable format. 3.2 suppliers of raw materials are participants in transportation. 3.3 the strength of water transportation is high investment cost.