Which of the Following Represents the Thinking Behind Supercenters

question 78

Multiple Choice

Which of the following represents the thinking behind supercenters?

• A) They offer a nearly complete selection of merchandise within a single category and use self-service,discount prices,high volume,and high turnover to their advantage.
• B) They sell overruns,irregular merchandise,and/or overstocks purchased from manufacturers at or below cost.
• C) They sell items from a full-line discount stock to customers who are drawn in primarily by the food on sale.
• D) They specialize in a single line of merchandise and become the dominant retailer in its category.

Know the various types of costs associated with manufacturing (direct materials, direct labor, factory overhead).

Distinguish between prime costs, conversion costs, and period costs.

Understand the classification and reporting of inventory costs in manufacturing businesses.

Identify characteristics of useful managerial accounting reports.

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