The Two Major Differences Between the Master Budgets of a Merchandiser

question 89

Short Answer

The two major differences between the master budgets of a merchandiser and a manufacturer are that the merchandiser will have a ______________________ budget and will not have __________________ budgets.

---

Definitions:

Minimum-wage Law

Rules determining the minimum legal hourly pay rate for employees by their employers.

Unskilled Labor

Workforce members who possess no specific training or skills and usually perform simple tasks.

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.

Temporary Assistance

Short-term financial or material aid provided to individuals or families in need to help them cope with emergencies or periods of economic hardship.