Sample content
ACC 557 Week 4 DQ1
“Accounting Methods” Please respond to the following:
Analyze the risks to merchandising that a business may experience and how they might be minimized. Determine if automation of accounting has had a positive or negative impact on business, in general, and how you arrived at that conclusion.
Create a corporate policy designed to minimize inventory shrinkage related to theft, stocking errors, shipping errors, etc., indicating how the policy will be enforced and procedures that may need to be implemented
Merchandising is the method which the middlemen make preparations, to display then sell the products to customers (Les, 2011). A good merchandising control enables the business to communicate effectively to their customers and also be flexible to new market trends. Despite its huge benefits, merchandising poses several risks to the business. Merchandising may create inflexibility in the business. The system created may be very difficult to alter in the future, for instance putting a design for a unique product will prove difficult to alter if the product is no longer provided. There is a risk of losing cross merchandising. The competitors product is segregated hence the buyer does not have the opportunity of knowing the quality of the product as compared to other similar items.
To minimize the risk of inflexibility, the business should create a display that may accommodate a range of produc
1. ACC 557 Week 4 DQ1
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Sample content
ACC 557 Week 4 DQ1
“Accounting Methods” Please respond to the following:
2. Analyze the risks to merchandising that a business may experience and how they
might be minimized. Determine if automation of accounting has had a positive or
negative impact on business, in general, and how you arrived at that conclusion.
Create a corporate policy designed to minimize inventory shrinkage related to
theft, stocking errors, shipping errors, etc., indicating how the policy will be
enforced and procedures that may need to be implemented
Merchandising is the method which the middlemen make preparations, to display
then sell the products to customers (Les, 2011). A good merchandising control
enables the business to communicate effectively to their customers and also be
flexible to new market trends. Despite its huge benefits, merchandising poses
several risks to the business. Merchandising may create inflexibility in the
business. The system created may be very difficult to alter in the future, for
instance putting a design for a unique product will prove difficult to alter if the
product is no longer provided. There is a risk of losing cross merchandising. The
competitors product is segregated hence the buyer does not have the opportunity
of knowing the quality of the product as compared to other similar items.
To minimize the risk of inflexibility, the business should create a display that may
accommodate a range of produc
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