Which of the following is the major benefit to a firm of using just-in-time inventory management?
A) minimizes the risk of stock-outs
B) minimizes the total number of orders that the firm places
C) reduces acquisition costs for placing goods in inventory
D) largely eliminates the carrying costs of maintaining a large inventory
Answer: D
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A) Prospecting B) Demonstration C) Approach D) Closing E) Handling objections
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Indicate whether the statement is true or false
Alliance Products purchased equipment that cost $120,000. It had an estimated useful life of four years and no residual value. The equipment was depreciated by the straight-line method and was sold at the end of the second year of use.For what amount should Alliance record the gain or loss if the equipment is sold for $65,000?
A. Gain of $5,000. B. Loss of $5,000. C. Neither a gain nor a loss since the equipment was sold at its book value. D. Neither a gain nor a loss since the gain would not be recognized.
In the context of business product categories, marketing of raw materials primarily emphasizes:
A. price and service. B. quantity and brand. C. customization. D. product differentiation.