Which Are the Major Dimensions of Store Image? Illustrate Your

question 51

Essay

Which are the major dimensions of store image? Illustrate your answer by using examples.

---

Definitions:

Average Cost

A method for inventory and cost of goods sold valuation, calculated by dividing the total cost by the number of items.

LIFO Method

Last In, First Out method; an inventory valuation technique where the most recently produced items are recorded as sold first.

Prospective Treatment

An approach in accounting where changes are applied to transactions and events from a specific date forward.

Reporting Entity

An entity, such as a company or organization, that must prepare financial statements to provide information to users.