What is the difference between and "ask" quote and a "bid" quote
What will be an ideal response?
Answer: Currency traders make a small (in percentage terms) profit by purchasing at a slightly lower price, the "bid" rate and selling at a slightly higher price, the "ask" rate.
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In developing a service blueprint, The Flower Shop has outlined each step in the delivery process of the service it provides. Which characteristic of services is The Flower Shop attempting to minimize?
What will be an ideal response?
A high receivable turnover indicates that
a. many customers are defaulting on their debts. b. a large proportion of the company's sales is on cash. c. the company's inventory is moving very quickly. d. customers are making payments very quickly.
In a ______ approach to expatriate compensation, the employer and employee mutually agree on a compensation package.
A. local-minus B. negotiation C. national-plus D. international-minus
Which organizational structure is appropriate for organizations that face a highly uncertain environment and are under pressure both to be efficient and to respond to their customers quickly?
a. Functional b. Product/Divisional c. Matrix d. Hybrid