Net realizable value is defined as estimated selling price less purchase price.

A formal agreement between a retailer and a manufacturer to undertake a two-way marketing effort is:

A) alliance of capital B) cooperative merchandising agreement C) venture agreement D) sales promotion

The owner of supermarket chain Reynold's wants to offer nonfood items such as greeting cards and magazines. However, Reynold's does not want to take care of setting up displays and maintaining inventory records

Which of the following types of wholesalers can help Reynold's meet customer demand while minimizing costs? A) producers' cooperatives B) cash and carry wholesalers C) truck wholesalers D) drop shippers E) rack jobbers