What is a product mix? What are the four dimensions of a product mix?
What will be an ideal response?
A product mix (or product portfolio) consists of all the product lines and items that a particular seller offers for sale. A company's product mix has four important dimensions: width, length, depth, and consistency.
Product mix width refers to the number of different product lines the company carries.
Product mix length refers to the total number of items a company carries within its product lines.
Product mix depth refers to the number of versions offered for each product in the line.
The consistency of the product mix refers to how closely related the various product lines are in end use, production requirements, distribution channels, or some other aspect.
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The bond department shows gross sales of $179,000 and cost of goods sold of $46,000 . What is the gross profit of the bond department?
a. $154,000 b. $133,000 c. 67.2% d. 32.8%
How is emergent leadership in virtual groups different from face-to-face groups?
What will be an ideal response?
That the business would allocate the gains from doing business to a wide array of stakeholders speaks to the need for ___________ in the sustainability context.
Fill in the blank(s) with the appropriate word(s).
A new employee is given the responsibility of keeping the minutes for her work team's meetings. What advice will you give her?
A. Devote most of the space in your minutes to summarize the discussion at the meeting. B. Minutes should not be action-oriented because their main purpose is to record the flow of the discussion. C. Record specific decisions resulting from the meeting. D. A table is an ineffective format for recording meeting minutes.