Match Each Item with the Correct Statement Below

question 98

Multiple Choice

Match each item with the correct statement below.
-A(n) _____ is a limited-function merchant wholesaler that markets perishable food items.

• A)stock-keeping unit (SKU)
• B)markup
• C)markdown
• D)retail convergence
• E)scrambled merchandising
• F)atmospherics
• G)broker
• H)general merchandise retailer
• I)category killer
• J)rack jobber
• K)supercenter
• L)auction house
• M)specialty store
• N)retailers
• O)mass merchandiser
• P)truck jobber
• Q)direct marketing
• R)drop shipper
• S)planned shopping center
• T)wheel of retailing

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Definitions:

Straight Line Amortization

A method of allocating an asset's cost evenly over its useful life.

Consolidated Net Income

The total amount of net income earned by a parent company and its subsidiaries, presented in the consolidated financial statements.

Non-Controlling Interest

A financial interest in a subsidiary not attributed to the parent company, representing minority shareholders' equity in the subsidiary's net assets.

Bonds Payable

Long-term liabilities representing money owed by a corporation or government to bondholders, to be repaid at a specific future date.