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:

Money

A medium of exchange in the form of coins and banknotes; facilitates the transfer of goods and services.

Number

A mathematical object used to count, measure, and label.

Currency

A system of money in general use in a particular country or economic context, also used in various applications to define monetary values.

PaymentAmt

A variable, field, or term typically used in financial transactions representing the amount of payment to be made.