Clara owns a small gift shop in South Carolina. She hopes the economy will rebound this fall as she has to order her Christmas merchandise and other holiday gifts in February. She wants to make sure she has enough goods for the surge in sales that the holiday season usually brings to her retail store. Here, Clara is using _____ to be sure she has enough gifts for those extra customers that she hopes will bear the economic woes and shop for holiday presents.
A. substitutes
B. smoothing
C. complements
D. buffering
E. demographics
Ans: D. buffering
Business
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Larry Cable Inc. plans to introduce a new product and is using the target cost approach. Projected sales revenue is $810,000 ($4.05 per unit) and target costs are $730,000. What is the desired profit per unit?
a) $0.40 b) $2.03 c) $3.65 d) None of the above
Business
Commercial paper has a minimum denomination of ________
A) $10,000 B) $50,000 C) $100,000 D) $500,000
Business