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1. What is a purchase discount? Why do companies offer purchase discounts? 2. What is the operating cycle of a merchandiser? Would you prefer a

1. What is a purchase discount? Why do companies offer purchase discounts?

2. What is the operating cycle of a merchandiser? Would you prefer a shorter or a longer operating cycle? Why?

3. Explain the difference between FOB shipping point and FOB destination from a purchasers point of view.

4. Can a company have a positive gross profit and a net loss? Why or why not?

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