To Improve Communication and Make More Efficient Use of Space,many

question 161

Multiple Choice

To improve communication and make more efficient use of space,many companies are:

• A)moving executives into separate buildings.
• B)building taller office towers.
• C)tearing down walls and introducing open office designs.
• D)removing parking spaces so that employees must commute to work.
• E)none of these improves communication and makes more efficient use of space.

Evaluate the effectiveness of using social class information in marketing contexts.

Discuss the psychological and sociological implications of social mobility and class inconsistency.

Understand the key components and limitations of measuring social class in marketing research.

Appreciate the behavioral implications of social class on consumer spending and habits.

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Definitions:

Terms 2/10, N/60

A trade credit term where a buyer can deduct 2% from the invoice amount if payment is made within 10 days; otherwise, the full invoice amount is due in 60 days.

Merchandise Inventory

An asset and perpetual inventory system account that records purchases of merchandise. Discounts and returns are recorded in this account for the buyer.

Vouchers Payable

Represents liabilities or amounts owed by a company to its suppliers or vendors, documented through vouchers.

Periodic Method

A method of inventory accounting where updates to inventory levels and cost of goods sold are made at the end of an accounting period.