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Oksi-84 [34.3K]
2 years ago
5

"________ is the difference between the average cost and price of all merchandise in stock as used by the middlemen."

Business
1 answer:
RSB [31]2 years ago
8 0

Answer:

Markup

Explanation:

Markup is defined as the difference that exists between the selling price of a product and the average cost that was used in its production

This information is used by middle men to estimate the amount of profit they can make on sale of a product.

Usually the markup cost is incorporated into the cost incurred by the producer as a percentage of a product's cost.

This ensures middle men make some profit

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When customers have their groceries scanned at the supermarket checkout counter, data regarding product sales and coupon redempt
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COMPLETE QUESTION:

When customers have their groceries scanned at the supermarket checkout counter, data regarding product sales and coupon redemptions are collected and processed by tracking services such as IRI's InfoScan. Consumer product firms such as Procter & Gamble use data collected by IRI to allocate scarce marketing resources. Which of the following data are NOT collected at retail checkout counters?

Answer: household demographics

Explanation:

Consumer product firms such as Procter & Gamble that uses data collected by IRI to allocate scarce marketing resources don't collect consumer's data that includes household demographs because in allocating scarce marketing resources household demographs are not important data.

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3 years ago
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Police officers often use to get information from their witness?
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The answer is judges.
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2 years ago
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The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The r
Nata [24]

Answer:

Total cost for Job 9-1005 = $ 5,085

Explanation:

Calculation for total cost for Job 9-1005

Direct materials

Q-4698          $1,250

Q-4725          <u>$1,000</u>

<u>Total Direct material cost = $ 2,250</u>

Direct labor

W-3393          $ 600

W-3479          $ 450

W-3559          <u>$ 300</u>

<u>Total direct labour Cost = $ 1,350</u>

add: Overhead cost 110% of total direct labor cost: $1,350×110%= $1,485

Total Cost on Job is: $2,250+$1,350+$1,485 = $5,085

5 0
3 years ago
What are the similarities between scientific theory and bureaucratic theory?
lana66690 [7]

Answer:

The Scientific Theory is based on using data and human strengths to increase output, while the Bureaucratic management style focuses on hierarchies and tight job roles. Regardless of the organization, the goals remain the same across the board. Every organization strives to minimize costs, while maximizing output.

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3 years ago
Patrick is looking to open a checking account to use for groceries he should go to a
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Patrick goes to any U.S bank branch for opening a checking account for the use of groceries with some documents required for opening a checking account.

<h3>What is a Checking Account?</h3>

A checking account makes it simple to access your money for daily transactions while also assisting in keeping your money safe. It's a flexible account that gives you the freedom to handle your daily spending, including bill payments, purchases, and paycheck management.

As a result, Patrick needs to visit any branch of a U.S. bank with some documentation, such as his Social Security number and a current, government-issued photo ID, such as a driver's license or passport, to open a checking account to pay for groceries or other personal expenses.

Learn more about Checking accounts here:

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