A Regional Grocery Chain Spends 70 Percent of Its Sales

question 52

Essay

A regional grocery chain spends 70 percent of its sales in the supply chain, and has a net profit margin of 2 percent. They have just initiated an Internet-based inventory management program that is expected to save the chain $500,000 per year. What is the equivalent increase in sales to this saving?
Use Table 11.3, reproduced below.

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Definitions:

Employer

An individual or organization that hires and pays individuals for their labor or services.

Negotiations

The process of discussing and aiming to reach a mutual agreement between parties with differing needs or viewpoints.

Railway Labor Act

A federal law in the United States that aims to avoid work stoppages and labor-management disputes in the railway and airline industries.

Substantive Law

Substantive law defines the rights and duties of people and substantive legal principles within civil, criminal, and administrative law, distinguishing from procedural law which outlines how rights are enforced.