Global Wood Ventures Inc is an American firm that manufactures, distributes, and exports structural plywood. The firm finds that multiple inventory management errors were causing customer dissatisfaction and reducing the firm's profits
It identified several companies, in completely different industries, that were considered to be the best in inventory management. After obtaining permission, professionals from Global Wood Ventures Inc studied the inventory management system of One Stop Mart, a firm well known for its inventory management techniques. This knowledge helped Global Wood Ventures Inc to develop a more error-free inventory management system. In this example, Global Wood Ventures Inc uses which of the following strategies?
A) competitive benchmarking
B) perceptual mapping
C) disintermediation
D) competitor analysis
E) vertical integration
A
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A good salesperson should abstain from remaining active in community affairs due to conflicts of interest.
Answer the following statement true (T) or false (F)
You are directed to study the actors close to the company, yet outside its internal environment, that affect its ability to serve its customers. What are you studying?
A) the macroenvironment B) the microenvironment C) the political environment D) the social and cultural environment E) the global environment
In the accounting cycle, the last step is
A) preparing the financial statements B) journalizing and posting the adjusting entries C) preparing a post-closing trial balance D) journalizing and posting the closing entries
Use the information provided to calculate the cash paid for insurance for the periodPrepaid insurance, beginning-year$ 7,000Insurance expense16,800Prepaid insurance, year-end3,400Cash paid for insurance$
What will be an ideal response?