Inventory turnover is calculated by dividing the average inventory by total sales.
Indicate whether the statement is true or false
Risk management concerns have always received serious attention within the special events industry.
Indicate whether the statement is true or false
Alliances are informal agreements between two organizations that stand to benefit from each other's strengths.
Indicate whether the statement is true or false.
Franchising is an example of a corporate VMS.
Indicate whether the statement is true or false.
Properties using chained recipes do not need to utilize standard recipes.
Indicate whether the statement is true or false
The primary reason for the use of intermediaries is their superior efficiency in making goods available and accessible to target markets.
Indicate whether the statement is true or false.
Which of the following is/are problems that can arise from poor ventilation?
A) bad odors B) occupant health problems
C) mold growth D) all of the above
Which of the following is NOT an advantage of a franchise to the franchisee?
A) Brand recognition
B) Financing assistance
C) Royalties
D) Architectural plans
When two or more companies at one level join to follow a new marketing opportunity, it is termed:
A) Vertical Marketing System
B) Horizontal Marketing System
C) Multi-channel Marketing System (MMS)
D) Consortia
When a single firm sets up two or more marketing channels to reach one or more customer segments, it is termed:
A) Vertical Marketing System
B) Horizontal Marketing System
C) Multi-channel Marketing System
D) Consortia
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