Jason Owns a Small Appliance Store,and He Is Evaluating a Recent

question 125

Multiple Choice

Jason owns a small appliance store,and he is evaluating a recent sales promotion.He knows that sales of that specific product increased,but he will also need to measure whether or not:

• A) he lost money because customers who bought the promoted appliance would otherwise have purchased a model with higher margins.
• B) he incurred additional inventory costs to be able to meet the demand.
• C) customers bought additional merchandise that would not have been sold had they not come in for the promotion.
• D) he gained any new customers as a result of the promotion.
• E) All of these.

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Definitions:

Ratio

A ratio represents a quantitative relationship between two or more numbers, showing how many times one value contains or is contained within the other.

Ratio

A mathematical term describing the quantitative relation between two amounts, showing the number of times one value contains or is contained within the other.

Equivalent Ratio

A proportion between two sets of quantities indicating their equality in value or function.

Smallest Term

In mathematics, it refers to the term in an expression, sequence, or series that has the smallest value.