A Major Disadvantage of a Merchandising Philosophy Is That ________

question 24

Multiple Choice

A major disadvantage of a merchandising philosophy is that ________.

• A) responsibility for success or failure may be unclear
• B) functions are combined into one position that require different abilities
• C) reporting responsibilities may be unclear
• D) coordination of buying and selling may be reduced

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Definitions:

Liabilities

A person’s debts or amount that is owed.

Assets

A person’s property or what is owned.

Entertainment Budget

An allocation of funds set aside specifically for activities or purchases meant for enjoyment or leisure.

Pie Chart

A pie chart is a graphic display in the form of a circle divided into pie-shaped sectors that are used to present data in percentages.