Author Question: Gross margin return on inventory (GMROI) equals: a. gross margin percentage / dollars invested in ... (Read 272 times)

lak · **on:** Jun 29, 2018

Gross margin return on inventory (GMROI) equals:
a. gross margin percentage / dollars invested in inventory at retail.
b. (gross margin / net sales) (net sales / average inventory at cost).
c. gross margin percentage / inventory turnover rate.
d. net profit margin / markdown percentage.
e. (gross margin / net sales) (net sales / average inventory at retail).

Question 2

If a retail salesperson is required to perform a wide range of activities, the person is said to have a high level of:
a. task identity.
b. responsibility.
c. variety.
d. multi-tasking.
e. autonomy.