The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.
<h3>What is a distribution channels?</h3>
Distribution channel serves as the means by which companies make their products to be available to final consumer.
This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.
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Answer:
The correct answer is: supply chain management.
Explanation:
Supply chain management is the cumulative network of people, entities, activities, information, and resources involved in moving raw materials, components and finished products from original suppliers to end-users. Supply chain management is crucial for most companies and can involve hundreds of links at large corporations, thus it requires considerable skill and expertise.
Answer:
Items --- Reporting Method
1
. Accounts payable - Current liability
2
. Current portion of long-term debt - Current liability
3
. Sales tax collected from customers - Current liability
4
. Notes payable due next year - Current liability
5
. Notes payable due in two years - Long-term liability
6
. Advance payments from customers - Current liability
7
. Commercial paper - Current liability
8
. Unused line of credit - Disclosure note only
9
. A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability
10
. A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only
Answer:
Gross profit equals the difference between sales revenue and cost of goods sold.
Explanation:
The gross profit is calculated by subtracting total cost of goods sold from total sales. Both the total sales and cost of goods sold are found on the income statement.
Gross profit = Sales revenue - cost of goods sold.
It is one of three profit metrics used in business statement reports
