Why are many companies transitioning to omnichannel distribution operations?
What will be an ideal response?
ANSWER: Many companies are transitioning to omnichannel distribution operations that support their multichannel retail operations and unify their retail interfaces. With omnichannel operations, every customer receives equally efficient service. Retailers like The Gap and Burberry have been quick to embrace omnichannel distribution. Today, these companies allow customers to reserve items online for pickup at nearby stores, offer a Web-based find-in-store feature that displays real-time stock information and prevents unnecessary trips to the store, and provide in-store computer terminals that customers can use to search company Web sites for products that local stores may not carry.
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Which of the following features should not be included in a good system of internal accounting control over cash?
Select one: A. Cash handling is separated from the recording of cash transactions. B. All major disbursements are made by check, and an imprest fund is used for petty cash disbursements. C. Monthly bank reconciliations are prepared by the person who makes the daily bank deposits. D. All receipts are deposited daily in the bank.
The ability of a nation to produce a good more efficiently than any other nation is called its comparative advantage
Indicate whether the statement is true or false