Suzanne Started at the Local Grocery Store Stocking Shelves and Over

question 23

Short Answer

Suzanne started at the local grocery store stocking shelves and over the years ________ to different positions, such as deli clerk and cashier to learn other jobs. She was eventually ________ to Bakery Manager which meant an increase in pay and benefits for her.

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Definitions:

Purchases

The total amount spent on goods and services bought by a business for either resale or use in its operation.

Cost-to-retail Ratio

The cost-to-retail ratio is a method used in inventory accounting to estimate the value of ending inventory using the ratio of cost to retail price.

Rising Prices

A situation in an economy where the general level of prices for goods and services increases over time.

Retail Inventory Method

An accounting method used by retailers to estimate inventory cost by calculating a cost-to-retail ratio.