Businesses are often classi ed into three broad groups service companies
Businesses are often classified into three broad groups: service companies, manufacturing companies, and merchandising (retail) companies.
(a) Identify each of the following well-known firms as a Service company (S), a manufacturing company (M), or a merchandising company (R).
(1) General Motors
(2) FTD
(3) JPMorgan Chase
(4) Toys ‘‘R’’ Us
(5) Levi Strauss
(b) For the companies listed, identify a key business decision that each firm’s management likely faces on a recurring basis. What type of data might the accountants or each firm provide to management to help make the decisions identified?
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help