List the three steps, in order of occurrence, of the operating cycle of a merchandising business
What will be an ideal response
1. The operating cycle begins when the company purchases inventory from an individual or business, called a vendor.
2. The company then sells the inventory to a customer.
3. Finally, the company collects cash from the customers.
Business
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A firm's comparing its performance to competitors based on the components of the strategic profit model illustrates _____
a. SERVQUAL b. benchmarking c. opportunity cost analysis d. gap analysis
Business
The New York v. Sullivan defamation case only pertains to celebrities
Indicate whether the statement is true or false
Business