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IDIS 240 EXAM 3 QUESTIONS WITH 100% CORRECT ANSWERS

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IDIS 240 EXAM 3 QUESTIONS WITH 100% CORRECT ANSWERS

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FOB destination


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Mfr. pays for shipping




PAID


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Professional Association For Industrial Distribution




Two Drivers of Matrix Pricing

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Increasing Complexity, and System Capabilities




Commodity


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Products that have very little measurable difference between suppliers
Ex: copper, gold, chemicals




Inventory Turn


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(COGS from Inventory/Average Warehouse Inventory)
-Product purchased ->inventory->sold->money collected->another product
purchased= one inventory turn




Trade Discounts


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Specify terms of sale, often to fluctuation of good




Net Price

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(Selling Price- Cash Discounts)
-Customer doesn't pay the full selling price and a cash discount is
announced to pay the bill




3 Components of a Required Service


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Form, Place, Time




Steps of the Selling Process


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Attention, Discovery, Solution, Commitment




COGS


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Cost of Merchandise + Freight from Manufacturer




Operating Expense

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