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Which of the following types of companies has raw materials, work in process and finished
goods inventory? ✔Correct Answer-manufacturers
Which type of company makes up the largest sector of the United States economy?
A.Service companies
B.Manufacturers
C.Wholesalers
D.Merchandising ✔Correct Answer-A
The balance sheet of a service company has
A.two categories of inventory.
B.raw materials inventory.
C.little or no inventory.
D.three categories of inventory. ✔Correct Answer-C
American Eagle Outfitters classifies the denim jeans on the shelves at its retail locations as
A.finished goods inventory.
B.raw materials inventory.
C.merchandise inventory.
D.work in process inventory. ✔Correct Answer-C
What is the promotion of products and services known as?
A.Design
B.Distribution
C.Customer service
D.Marketing ✔Correct Answer-D
The costs associated with reengineering machinery and its location within the factory to
increase efficiency would be considered which element of the value chain?
A.Customer service
B.Research and development
C.Marketing
D.Design ✔Correct Answer-D
The costs incurred to transport merchandise to a company's retail store would be considered to
be what element of the value chain?
A.Customer service
B.Production or purchases
C.Marketing
Guaranteed to Pass
Which of the following types of companies has raw materials, work in process and finished
goods inventory? ✔Correct Answer-manufacturers
Which type of company makes up the largest sector of the United States economy?
A.Service companies
B.Manufacturers
C.Wholesalers
D.Merchandising ✔Correct Answer-A
The balance sheet of a service company has
A.two categories of inventory.
B.raw materials inventory.
C.little or no inventory.
D.three categories of inventory. ✔Correct Answer-C
American Eagle Outfitters classifies the denim jeans on the shelves at its retail locations as
A.finished goods inventory.
B.raw materials inventory.
C.merchandise inventory.
D.work in process inventory. ✔Correct Answer-C
What is the promotion of products and services known as?
A.Design
B.Distribution
C.Customer service
D.Marketing ✔Correct Answer-D
The costs associated with reengineering machinery and its location within the factory to
increase efficiency would be considered which element of the value chain?
A.Customer service
B.Research and development
C.Marketing
D.Design ✔Correct Answer-D
The costs incurred to transport merchandise to a company's retail store would be considered to
be what element of the value chain?
A.Customer service
B.Production or purchases
C.Marketing
