SCRAMBLED ASSORTMENT
Scrambled Assortment is a merchandise assortment strategy. It is when a company carries products that is not connected or completely unrelated to its primary line of products in business. It is done to appeal to a new set of customers for additional patronage. A scrambled assortment may be for companies that have products of the same type like a bookstores whose added products are journals, stationeries, and book marks or for companies that don’t carry the same type of products like a balloon company which sells coloring books, etc.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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