Melissa Purchases a DVR Recorder at a Store That Sells

question 81

Multiple Choice

Melissa purchases a DVR recorder at a store that sells refurbished merchandise. The store has a big sign stating "Caveat Emptor" posted out front and at the cash register. This sign most likely translates to a policy of

• A) refunds or exchanges at any time with a receipt.
• B) 100 percent satisfaction guaranteed with all merchandise.
• C) all sales are final (no refunds or exchanges).
• D) buying, selling, or trading electronic goods.
• E) selling only French-manufactured products.

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Definitions:

JIT

Just-In-Time, a management strategy that aligns raw-material orders from suppliers directly with production schedules to improve efficiency and decrease waste.

Spread

Spread can refer to the difference between the bid and ask prices of financial instruments or the difference between interest rates on two different investments.

Trade Credit

A business arrangement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date, often used to finance short-term operational needs.