What Is the Advantage of the Free-Form Layout to the Consumer

question 3

Multiple Choice

What is the advantage of the free-form layout to the consumer?

• A) Customers are exposed to a large quantity of merchandise.
• B) Customers are can easily find merchandise in the store with this type of layout.
• C) Customers feel they are in an intimate and relaxed environment and are more likely to buy.
• D) The layout guides the customer through the store.
• E) Customers can purchase merchandise at a lower price in this type of layout.

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Definitions:

Daily Postings

The routine process of recording transactions in the books of accounts or ledgers on a daily basis to ensure financial records are up-to-date.

Control Account

An account in the general ledger used to simplify the recording of transactions and track the total amounts for financial statement purposes, often summarizing the details that are held in a subsidiary ledger.

Special Journals

Accounting books or ledgers used for recording and categorizing specific types of transactions such as sales, purchases, cash disbursements, and cash receipts in a more efficient manner.

Merchandise Purchase

Transactions involving the buying of goods for resale in the normal course of business.