A Company Reported the Following Data Required:
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question 177

Essay

A company reported the following data:
$\begin{array}{|l|r|r|r|}\hline &\text { Year } 1 & \text { Year } 2 & \text { Year } 3 \\\hline \text { Cost of goods sold } & \$ 347,600 & \$ 379,650 & \$ 443,900 \\\hline \text { Average inventory } & 85,000 & 91,050 & 98,350 \\\hline\end{array}$
Required:
1.Calculate the company's merchandise inventory turnover for each year.
2.Comment on the company's efficiency in managing its inventory.

Understand the concept and examples of ejecta.

Distinguish between different types of rocks and their formation processes.

Relate the theory of plate tectonics to geological phenomena like earthquakes and volcanoes.

Understand the various channels of communication and their capacities.

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Definitions:

Direct Marketing

A type of advertising which allows businesses to communicate directly with customers through various media, including mail, email, texts, and social media.

Push Strategy

A marketing strategy that aims to push products toward consumers by convincing channel partners to feature products, thereby driving or creating consumer demand.

Pull Strategy

A marketing strategy that aims to create demand from end consumers, encouraging them to actively seek out a product and thus 'pull' it through the distribution channel.

FCB Grid

A model that categorizes consumer products into four quadrants based on high/low involvement and thinking/feeling decision-making processes.