What Are Some of the Emerging Changes in Global Organizations

question 2

Multiple Choice

What are some of the emerging changes in global organizations?

• A) Include more small and medium sized firms
• B) From developed nations only
• C) Simpler structures
• D) Easier to establish legitimacy.

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Definitions:

Merchandise Return

The process of a customer returning previously purchased goods to the seller, often due to defects or unsatisfaction, which may result in a refund or replacement.

Gross Method

An accounting method for recording purchases at the total invoice cost without deducting any cash discounts at the time of purchase.

Perpetual Inventory System

An accounting method that continuously updates the quantity and cost of inventory as purchases and sales are made.

Merchandise

Products or goods that are bought, sold, or traded within the retail or wholesale market.