Jimmy's, a Multichannel Retailer, Assists Customers to Order Items That

question 108

Multiple Choice

Jimmy's, a multichannel retailer, assists customers to order items that may be out of stock at one of its retail stores.The customers may use the catalogue to place the order.This provision best illustrates that Jimmy's:

• A)mainly has its retail outlets in the central business district.
• B)recognizes that the Internet is an effective relationship-building medium among different channel operations.
• C)benefits from the synergy of sharing information among their different channel operations.
• D)typically reduces the size of its target markets.

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Definitions:

Banker's Acceptance

A short-term financial instrument issued by a company but guaranteed by a bank, commonly used in international trade.

Cash Discount

A reduction in the invoice price offered by a seller to encourage early payment by the buyer.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Credit Extension

Credit extension is the process by which a lender provides funds or permits a borrower to purchase goods or services now with the promise to pay in the future.