Thames Patio Solutions Is a Manufacturer of Patio Umbrellas

question 58

Multiple Choice

Thames Patio Solutions is a manufacturer of patio umbrellas. In 2007, its inventory increases by 170 umbrellas. In 2008, it sells all the 170 umbrellas. Which of the following can be inferred in this case?

• A) The value of the increased inventory will be counted as part of GDP in 2007, and the value of the 170 umbrellas sold in 2008 will not cause GDP in 2008 to increase.
• B) The value of the increased inventory will not affect GDP in 2007, but the sale of the umbrellas will cause GDP in 2008 to increase.
• C) The value of the increased inventory will be counted as part of GDP in 2007 and the value of the 170 umbrellas sold in 2008 will cause GDP in 2008 to increase.
• D) Since the umbrellas were not sold in 2007, they will not be included as part of GDP in 2007, and since they were not produced in 2008, they will not be included as part of GDP in 2008. This is a shortcoming of GDP computations.

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Definitions:

Lead Scoring

A technique in marketing that sorts potential customers according to a scale indicating the perceived worth of each lead to the organization.

Ethical Behavior

Conduct that is consistent with principles of moral rightness and standards of professional practice.

CRM System

A Customer Relationship Management system, which is a technology for managing all your company's relationships and interactions with customers and potential customers.

Salesperson Cooperation

The collaboration and teamwork among salespeople within an organization to achieve common sales goals.