Explain When It Would Be Appropriate to Use a Chart

question 76

Essay

Explain when it would be appropriate to use a chart sheet and how you would go about creating one in Microsoft Excel.

Clarify the retail and wholesaler roles in the distribution chain and their business models.

Understand the differences between merchandising and service companies in generating net income.

Grasp the concept of merchandise inventory, its reporting, and its role in a merchandising company's operating cycle.

Learn the importance of sales terms and conditions, including the FOB shipping point and destination, purchase discounts, allowances, and returns in managing revenues and expenses.