One Way Neighborhood Grocers Can Take Advantage of Volume Discounts

question 402

Multiple Choice

One way neighborhood grocers can take advantage of volume discounts commonly available to corporate chains is to

• A)purchase a franchise membership.
• B)become a subsidiary of a larger supermarket chain like Kroger.
• C)join a professional merchant association and hire food brokers to negotiate lower prices for produce and dry goods.
• D)create a grocery networking system to exchange coupon vouchers.
• E)participate in a retailer-sponsored cooperative with other independent grocers.

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Definitions:

Ending Balance Sheet

A financial statement showing a company's assets, liabilities, and equity at the final moments of an accounting period.

Bill And Hold Sales

Transactions where revenue is recognized after billing the customer while the seller retains physical possession of the goods.

Shipments

The transportation of goods from one location to another.

Distributors

Entities involved in the process of making products available for consumption by distributing them from producers to end consumers.