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Card Sharks, Inc.
Card Sharks, Inc.sells baseball cards and other memorabilia.The company tries to maintain a cash balance equivalent to approximately 30 days of sales.Sales in 2011 amounted to $352,412 and the company expects growth in 2012 of 30% and in 2013 of 35%.
-All of the following are the fundamental bases for future payoffs to equity shareholders and share value except:
Supply Research
The process of studying the market and suppliers to understand the availability, quality, and cost of materials or services needed by a business.
Benchmarking
A method of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry.
Purchasing Process
A series of steps taken by organizations to acquire goods or services, typically including identification of needs, selection of suppliers, negotiation, and payment.
Industrywide Standards
Established norms or criteria within an industry that ensure quality, compatibility, and interoperability among products or services.
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