Better Buy Has Six CD Players in Inventory on December

question 90

Multiple Choice

Better Buy has six CD players in inventory on December 31.The players were purchased in November for $170.Price lists from Better Buy's supplier indicate that the same CD player would now cost the company $168.The current sales price for each of the CD players is $320.The adjustment would have what effect on Gross profit?

• A) Gross Profit would increase by $2.
• B) Gross Profit would not be affected.
• C) Gross Profit would decrease by $12.
• D) Gross Profit would increase by $12.

Understand the role of self-competency in personal and professional development.

Understand the importance and application of written communication in a business context.

Recognize the impact of technology on the need for constant learning, adaptation, and innovation within organizations.

Identify and develop the skills required for effective team leadership and membership to achieve organizational goals.

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Definitions:

Short-Term Inducement

Offers or incentives provided to consumers to encourage immediate purchase or engagement, often including discounts, coupons, or limited-time promotions.

Product Service

A combination of tangible products and intangible services provided to fulfill the needs or desires of customers.

Arouse Interest

To stimulate curiosity or concern about a subject or issue.

Sales Promotion

Marketing activities designed to temporarily boost sales by offering customers incentives or discounts.