A firm uses both direct selling, as well as department store formats to sell its cosmetic products. This illustrates _____
a. an independent vertical marketing system
b. a partially integrated vertical marketing system
c. a fully integrated vertical marketing system
d. multi-channel retailing
d
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Which of the following EPS figures must be disclosed on the face of the income statement?
a. EPS for income before taxes. b. The effect on EPS from unusual items. c. EPS for gross profit. d. EPS for income from continuing operations.
Which of the following is an advantage of having a letter of credit?
A. It allows payment for merchandise after its delivery. B. It facilitates an exporter to obtain pre-export financing. C. It allows an exporter to get a higher price for his or her goods. D. It helps exporters incur lower shipping costs. E. It does not require the importer to pay any fee.