As Marketing Manager for a Newly Created Software Company, Katrina

question 71

Multiple Choice

As marketing manager for a newly created software company, Katrina is deciding whether to hire a company sales force. To make this decision, Katrina needs to consider whether

• A) her firm should attend trade shows.
• B) her firm has a hot product.
• C) having a sales force is worth more than it costs.
• D) she will be able to find an effective supply chain manager.
• E) online advertising will work.

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Definitions:

Perpetual Inventory System

An inventory management accounting method that instantly documents transactions of buying or selling inventory via computerized point-of-sale systems and enterprise asset management applications.

Merchandise Inventory

The total cost of all goods that are available for sale during a certain period, including purchases and adjustments for returns or damages.

Inventory On Hand

Refers to the total amount of items or products available in stock by a business at any given time.

Debit Memo

A document issued by a buyer to a seller indicating a reduction of the amount due to the seller, often due to returned goods or discrepancy in billing.