Exam (elaborations)
IDIS 240 - Final Exam Review Questions And Answers Latest Update
- Course
- IDIS 240
- Institution
- Purdue University
IDIS 240 - Final Exam Review Questions And Answers Latest Update
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Solution 2024/2025Pepper
IDIS 240 - Final Exam Review Questions And
Answers Latest Update
cosmic law of distribution ANS✔✔ you profitably excel by doing any two of
the three things: good, cheap, fast
different types of interest and how they are calculated ANS✔✔ simple and
compound interest (both formulas on formula sheet)
commodity and examples ANS✔✔ - products that have little measurbale
difference between suppliers
- pure commodities typiclly refer to raw materials such as copper, gold,
chemicals etc
commoditization ANS✔✔ -difference between producta has narrowed over
time. common among prodcuts that have pure commodities as a large
portion of the finsihed product
- examples include dimensional lumber, PVC pipe, aluminum and copper
wire, etc
cash discounts ANS✔✔ discount given to those who pay in cash to
encourage using cash as a payment method and given to those who pay as
early as they possible
what are the three main parts of finaincing? ANS✔✔ traditional lending,
consignment
, extended credit
, Solution 2024/2025
Pepper
extended credit and who benefits the most from this? ANS✔✔ good credit,
slow-moving inventory, new items, and seasonal items; contractor -- they
don't have to pay for things up front they can charge it on a credit
what does FOB mean and what is FOB shipping? ANS✔✔ FOB - free-on-
board, distributor assumes responsibility of shipping
what is FOB destination? ANS✔✔ manufacturer assumes responsibility of
freight
what is dupoint return on investment ANS✔✔ ROI and return on total assets
all will affect ROI except? ANS✔✔ taxes
dupont model a ___ change in boxes on left will affect ROI? ANS✔✔ positive
and negative
cahs discounts rule of thumb? ANS✔✔ always take and never give
what could lead to a deviation from the standard COGS in B2B sales?
ANS✔✔ OEM making a large commitment for purchase quality, large
construction competitor's price, a reduction in value due to the product
being outdated ; construction projects, meet competition, meet budget,
distributor owns a small inventory and gets a small refund from
manufacturer after purchasing some things from them
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