Manning Company Updates Its Inventory Periodically

question 88

Multiple Choice

Manning Company updates its inventory periodically.The company's beginning inventory was $2,700 and purchases were $5,600 during the year.The company's ending inventory count was $5,000.What was the amount of its cost of goods sold?

• A) $3,300
• B) $8,300
• C) $13,300
• D) $2,100

Recognize the features and benefits of electronic calendar management for sales professionals.

Understand the application and benefits of Geographic Information Systems (GIS) in sales for creating efficient routing patterns.

Comprehend the functionality and importance of Customer Relationship Management (CRM) systems in maintaining client information and managing sales relationships.

Identify different sales technologies’ functionalities including order processing, customer service, and personal productivity enhancements.

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Definitions:

Global Advertising Program

A marketing strategy that addresses global audiences, aiming to transcend cultural and national boundaries to promote products or services.

Global Company

A business entity that operates in multiple countries around the world, often managing production, distribution, and marketing on an international scale.

Subsidiaries

Companies that are owned or controlled by another larger parent company but operate with some degree of autonomy.

Culture

The shared beliefs, values, norms, and practices that define a group of people or society, shaping their behaviors and understanding of the world.