Miranda Started a Small Craft Business in Her Home Three

question 40

Multiple Choice

Miranda started a small craft business in her home three years ago. Last year she finally moved her business into a small store along her town's main street. Last Saturday, most of her store's stock was destroyed as firefighters fought a fire that had started in the vacant office next to her store. Which of the following is Miranda most likely experiencing as she walks through her ruined store?

• A)frustration
• B)conflict
• C)burnout
• D)pressure

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Definitions:

Days' Sales

A measure that indicates how many days, on average, it takes a company to collect revenue after a sale has been made.

Retail Method

An estimating method used to calculate inventory cost, based on the retail price, to determine cost of goods sold and ending inventory.

Inventory Estimating

A method used to approximate the amount of inventory a business has without doing a detailed physical count, often applied in periodic inventory systems.

Merchandise Prices

The set prices at which goods are sold to consumers, influencing revenue, profit margins, and competitive positioning.