The retail executive who oversees a group of buyers and is responsible for the trading activities of the relevant sales department or division group is the General Merchandise Manager (GMM).
Retail is a commercial activity that involves selling goods or offering services directly to final consumers. Goods purchased from retail businesses will be used by consumers for personal consumption or for family and household purposes, not for resale.
Also known as retail business, retail acts as a marketing intermediary that connects major producers or large wholesalers with consumers who buy in small quantities or in units. After purchasing a number of goods from a larger group of businesses, the retailer or retailer will resell the goods by setting a certain additional price to make a profit.
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In the short-run, fixed costs<u> all</u> with the quantity produced. Variable costs<u> at least some</u> with the quantity produced.
A Variable cost is a corporate price that changes in share to how plenty an employer produces or sells. Variable charges grow or decrease depending on an enterprise's manufacturing or income extent—they rise as manufacturing will increase and fall as production decreases.
Variable costs are charges that trade as the volume changes. Examples of variable costs are raw substances, piece-price labor, manufacturing resources, commissions, transport charges, packaging resources, and credit card expenses. In some accounting statements, the Variable costs of manufacturing are called the “fee of goods offered.”
Variable costs are prices that trade as the quantity of the good or carrier that a commercial enterprise produces modifications. Variable charges are the sum of marginal fees over all devices produced. They also can be taken into consideration in everyday expenses. Fixed charges and variable expenses make up the 2 components of general value.
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The rate of interest banks charge on short-term
loans to their best customers is called the prime rate. This is given to
customers who have good credit record. It serves as the basis of
the lending rates that will be given to other customers. Usually, prime rates are feasible to large corporations and not with sole borrower.
Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. The exception is workers receive wages that are above their marginal revenue product (MRP).
In developing countries, labor markets play a central role in determining economic and social progress since employment status is one of the key determinants of exiting poverty. Ultimately, having a decent, well-paid, and secure job is the most sustainable path to increasing incomes and consumption levels.
That is, in the labor market, employers are willing to buy more hours of labor at lower wages than at higher wages. Although employers, who demand labor, prefer lower wages, workers, who supply that labor, prefer high wages.
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