Personal Shoppers

question 7

Multiple Choice

Personal shoppers

• A)will be hired in large numbers by chain stores.
• B)are projected to replace telemarketing.
• C)represent a competitive technique of providing greater service to customers.
• D)have a narrower range of skills than other sales workers.
• E)enjoy less autonomy than other sales workers.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.

Sales In Receivables

Likely refers to the concept of "Accounts Receivables" which are amounts owed by customers for goods or services delivered on credit.

Decimal Place

The position of a number to the right of the decimal point; each position represents a power of ten.

Comparative Income Statement

A financial statement that compares income, expenses, and net profit over multiple periods to assess performance.