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3 years ago

Which of the following statements is true about goods and services?

1 answer:

4 0

Goods and services are:

B. Together, they represent everything that can be bought or sold.

A is false because only goods can be touched and tangible.
C is false because there are times when goods and services are scarce.
D is false because both have economic value that is why goods and services are bought and paid for.

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________ are combating competitive pressures by providing better value with private-label merchandise; adding new value-added se

Evgesh-ka [11]

Answer: Conventional supermarket

Explanation:

Conventional supermarket is a departmentalized food store that has a wide range of food and related products and the sale of general merchandise is limited.

Conventional supermarket started about 75 years ago. The aim of establishing a conventional supermarket is that large-scale operations would lead to higher volume of sales, and low prices.

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3 years ago

What is negotiation? A. A discussion in which a sales person demonstrates features of a product B. A discussion in which people

GaryK [48]

A negotiation is a Discusion aimed at reaching an agreement. B.

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2 years ago

________ is conceptualized as consisting of six steps which include problem definition, developing an approach to the problem, r

Finger [1]

Answer:

A) The marketing research process

Explanation:

Marketing research process is the collection, analysis, and interpretation of data relating to the marketing conditions. It consist of the systematic process of planning and executing marketing objectives and also solving marketing related problems

Defining the problem, developing the research plan, collecting information, analyzing information, presenting the findings and lastly making decision.

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3 years ago

On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount

vampirchik [111]

Answer:

a) $1,000

Explanation:

Early Settlement Discount

This form of quotation is common with suppliers offering their customers deferred payment arrangement in a sale contract. Usually, under this arrangement customers are allowed to purchase goods on credit and settle their acccount at a specified later date.

However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.

A quotation of 2/10, n/30

This implies that the customer is a given a 30-day period from the date of purchase within which he is expected to settle his account. However, if he does so within the next 10 days of purchase he will be given a 2% discount.

Applying this to the question, the purchase date is August 1, the the latest date for which account is settle to qualify for early settlement discount will be 11 days i.e (1+10) .

Since the payment will be made on August 12, no cash discount will received. Therefore, a payment of gross amount of $1,000 would be credited to the cash account.

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3 years ago

In general, education is correlated to income

liq [111]

Answer:

positively.

Explanation:

The correlation between education and income is positive a more educated person will always have a better income than one that is not. But along the statistical distribution of this correlation there are people that deviate for the curve (standar deviation) and even though they are educated they do not earn as much money to others that have the same level of education.

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3 years ago

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