In order to make a profit, MOST businesses that purchase or manufacture goods for resale use:
a) cash flow
b) discounts
c) markdown
d) markup
Ans: d) markup
Business
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Which of the following is the best example of a salutary product?
A) cereal B) cigarettes C) bottled water D) junk food E) dental insurance
Business
A company governed by an EOQ system decides to move in a more lean direction and hopes to reduce their Q as much as possible. What specific steps might be taken to help them in their journey towards a Q = 1?
What will be an ideal response?
Business