Which of the Following Is Not a Characteristic of Low-Profit

question 21

Multiple Choice

Which of the following is not a characteristic of low-profit customers?

• A)Small order size.
• B)Demand immediate deliveries.
• C)Predictable ordering patterns.
• D)Frequent sales force contact.
• E)All of the above are characteristics of low-profit customers.

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Definitions:

Physical Inventory

The process of counting and verifying the actual quantities of physical merchandise or assets present in a store or warehouse.

Inventory Costing Methods

Inventory costing methods are accounting principles used to value inventory, including first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average cost.

Net Income

A company's remaining earnings after deducting all expenses and taxes from its revenue.

FIFO Method

An inventory valuation method that assumes the first items placed in inventory are the first sold.