C. They should take advice from experts if they lack knowledge about certain aspects of their business.
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build. are called "Short-Term sales."
<h3>What is short term sales?</h3>
An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.
Some characteristics of short term sales are-
- A stock that its an investor believes will lose value in the near future is sold short.
- A trader borrows shares on margin for a set length of time to complete a short sale, selling the stock when the price is attained or the period of time has passed.
- Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques. Additionally, they come with regulatory hazards.
- To be successful, short sales need to be timed almost perfectly.
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Answer:
Explanation:
The adjusting entry is shown below:
Supplies expense A/c Dr $2,900
To Supplies A/c $2,900
(Being supplies expense is recorded)
The supplies expense is computed below:
= Supplies opening balance + purchase made - supplies ending balance
= $1,800 + $2,900 - $1,800
= $2,900
For recording this transaction we debited the supplies expense account and credited the supplies account for $2,900
Answer:
B. False
Explanation:
Convenience products refer to those products whose purchase is very convenient or comfortable and requires little time and efforts of the buyers. Such products are frequently purchased by the buyers. Examples of such products would be soaps and detergents, sugar and magazines, etc.
Shopping products on the other hand, are those products that are purchased less frequently and often require comparison between other available alternatives and variants. Such products demand time and efforts on the part of the consumer. Examples are clothing, electronic items such as smartphones, shoes, etc.
In the given case, Inez assigns high importance to her makeup. Thus it is evident, she's particular about her make up items and would spend a considerable time in deciding and selecting a particular make up item.
As is stated, she is particular about colors, prices, skin tones and other factors, make up would classify as a shopping product.
