Which of the Following Statements About Zappos Is Most Accurate

question 153

Multiple Choice

Which of the following statements about Zappos is most accurate?

• A)Zappos limits its inventory to an extensive selection of high end fashion footwear.
• B)Zappos carries more than 1,000 different brands of shoes with over 3 million products.
• C)Zappos can guarantee over-night shipping to all its customers because the customers know ahead of time they will be charged for express service.
• D)Zappos is so successful because it has chosen a single mission "sell shoes and nothing else."
• E)Zappos offers a 30/60/90 day return policy whereby refunds are based on how long you've had the shoes.

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Definitions:

Cash Flow

The movement of funds into and out of a business or project, critical for maintaining operations and investment activities.

Operating Section

Part of a company's financial statement (specifically, the cash flow statement) that reports on the cash activities related to its primary operations, such as cash receipts and payments from goods and services.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and not expected to be consumed or converted into cash within a year.

Statement of Cash Flows

A financial report showing the cash inflows and outflows from operating, investing, and financing activities over a period.