Apm
What is a firm's percentage of the total sales volume generated by all
competitors in a given market? - correct answer ✔market share
How does most price planning begin? - correct answer ✔cost and expense
analysis
What does the law of diminishing marginal utility state? - correct answer
✔Consumers will buy only a certain amount of a product even though its price
is low.
What is the most likely channel of distribution used by manufacturers of
flowers and candy and stationery - correct answer ✔Manufacturer to
wholesaler to retailer to consumer
What is the difference between recorded sales and inventory based on
physical count - correct answer ✔stock shortage
Purchasing manager does not review the master production schedule -
correct answer ✔False
arabesque dancewear store had 67000 in sales during January and its BOM
stock inventory was 135,000. What is it's stock to sale ratio - correct answer
✔2
A shipment containing computer monitors and disk drives arrives at a store
later than expected and without an invoice the sales people needed to have
the merchandise on the floor quickly in anticipation of the big weekend sale
, what method should be used to enter quick and accurate merchandise
checking - correct answer ✔Blind check method
What type of pricing strategy it is every day low pricing - correct answer
✔Psychological pricing
Discount can stimulate business for a company and can encourage quick
payments - correct answer ✔False
What checking method is les susceptible to errors if receivers do not
physically count the total number of items in a shipment - correct answer
✔Direct check
Skaters world wants to reduce his planned reductions by 5% from last year's
figure of 700 what would be the plan reduction amount for this year - correct
answer ✔665
Intermodal transportation combines two or more transportation modes to
maximize the advantage of each - correct answer ✔True
Retailers who are in business in state with minimum price laws are prohibited
from using the loss leader technique to attract customers - correct answer
✔True
Very little price changes will be made for products introduced with skimming
prices. - correct answer ✔False
The Robinson Pat man act of 1975 prohibits the practice of punishing retailers
- correct answer ✔False
What is a firm's percentage of the total sales volume generated by all
competitors in a given market? - correct answer ✔market share
How does most price planning begin? - correct answer ✔cost and expense
analysis
What does the law of diminishing marginal utility state? - correct answer
✔Consumers will buy only a certain amount of a product even though its price
is low.
What is the most likely channel of distribution used by manufacturers of
flowers and candy and stationery - correct answer ✔Manufacturer to
wholesaler to retailer to consumer
What is the difference between recorded sales and inventory based on
physical count - correct answer ✔stock shortage
Purchasing manager does not review the master production schedule -
correct answer ✔False
arabesque dancewear store had 67000 in sales during January and its BOM
stock inventory was 135,000. What is it's stock to sale ratio - correct answer
✔2
A shipment containing computer monitors and disk drives arrives at a store
later than expected and without an invoice the sales people needed to have
the merchandise on the floor quickly in anticipation of the big weekend sale
, what method should be used to enter quick and accurate merchandise
checking - correct answer ✔Blind check method
What type of pricing strategy it is every day low pricing - correct answer
✔Psychological pricing
Discount can stimulate business for a company and can encourage quick
payments - correct answer ✔False
What checking method is les susceptible to errors if receivers do not
physically count the total number of items in a shipment - correct answer
✔Direct check
Skaters world wants to reduce his planned reductions by 5% from last year's
figure of 700 what would be the plan reduction amount for this year - correct
answer ✔665
Intermodal transportation combines two or more transportation modes to
maximize the advantage of each - correct answer ✔True
Retailers who are in business in state with minimum price laws are prohibited
from using the loss leader technique to attract customers - correct answer
✔True
Very little price changes will be made for products introduced with skimming
prices. - correct answer ✔False
The Robinson Pat man act of 1975 prohibits the practice of punishing retailers
- correct answer ✔False
