Answer:
The price mechanism allows the consumer to gain sovereignty in the market. They have 'spending votes' in the market, which enables them to choose what is bought and sold. Generally, the free market allows for an efficient allocation of resources.
Explanation:
Answer:
true
Explanation:
acid test ratio can be calculate by ( Current assets – Inventory ) / Current liabilities. Ideally, the acid test ratio should be 1:1 or higher, however this varies widely by industry. In general, the higher the ratio, the greater the company's liquidity. by selling up equipment in exchange of cash, the will assist the company to be able to handle its current liability with the cash injection into the entity.
Answer:
The asset would have been overestimated
Explanation:
An inventory account deals with assigning values to all the items or goods that are involved in the production process ranging from raw goods, processed goods to market-ready goods.
<em>An inventory represents an asset to a company. Hence, the presence of empty boxes in the storeroom if otherwise taken as full boxes will lead to an overestimation of the asset unless they are discovered.</em>
Answer:
communication
Explanation:
communication function of channel intermediaries.
Channel intermediaries are responsible for making sure that the product is available at the appropriate quantities, at the right time and place for end user consumption. They also serve as a means of communication between the consumer and producer concerning such issues as product quality.
Answer:
Prospecting
Explanation:
Prospecting selling process -
It is the very first step in the process of sales , according to this step ,
The step involves the detecting the potential of the customers .
The focus of prospecting is to develop the database of the customers and to communicate with them in order to convert the potential customers to the current customers .
Hence from the question ,
Karen Rogers is involved in the prospecting selling process .