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IDIS 240 FINAL EXAM VESTAL QUESTIONS WITH 100% CORRECT ANSWERS

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IDIS 240 FINAL EXAM VESTAL QUESTIONS WITH 100% CORRECT ANSWERS

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up-stream


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part of production process involves searching for and extracting raw
materials.




down-stream


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part of production process involves processing the materials collected
during the upstream stage into a finished product.

,What is and end user?


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Does not resell in present form




Optimal shareholder wealth


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(Revenue - expenses)/ assets




What is an Agent?


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-a sales representative that will represent multiple companies


-usually do not store inventory




Lone Star Electric Supply


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Guest Speaker: Jason Roberson

,Trade Discounts


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specify term of sale and change of price with how they see fit.




PAID


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The Professional Association FOR Industrial Distribution




FOB Shipping Point


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distributor pays for the freight




Days Sales Outstanding


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Receivable Dollars * (365/sales)

, Trade Pricing


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Also know as other names such as "matrix pricing" or just "pricing".
Two drivers to growth of this type
Increasing complexity
System capabilities




Inventory Turn


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= (COGS from inventory / Average Warehouse Inventory)




Percent Gross Margin


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= (Selling Price - COGS/Selling Price)*100%




Gross Margin Return on Inventory Investment (GMROII)


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