Data on Retail Sales Show That

question 268

Multiple Choice

Data on retail sales show that

• A)about three-quarters of all retail stores have annual sales over $1 million.
• B)very large retailers account for a small percentage of total retail sales.
• C)manufacturers and wholesalers are more numerous than retailers in the United States.
• D)only about 15 percent of all retailers have annual sales over $5 million.
• E)U)S.consumers spend almost $10 trillion per year in purchases from retailers.

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Definitions:

Days' Sales

A measure of how quickly a company can convert its inventory into sales, often used to assess liquidity and operational efficiency.

Inventory Management

The practice of overseeing and controlling the ordering, storage, and use of components that a company will use in the production of items it will sell, as well as overseeing and controlling quantities of finished products for sale.

Merchandise Inventory

The total value of a company's goods that are ready for sale at any given time, including both finished goods and goods in various stages of production.

Consigned Goods

Items that are sent by their manufacturer to a third party, but still remain the property of the manufacturer until sold.