NYK Logistics uses _____ technology to track containers through its distribution center in Long Beach, California. Each container has a special tag on it that allows hundreds of containers to be scanned simultaneously, improving the throughput of containers through the center.
A. containerization
B. UV
C. LED
D. RFID
E. barcode
Answer: D
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Price elasticity is the percentage change in quantity sold divided by the percentage change in price.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. A company produces 100 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactures the circuit in-house but is considering outsourcing the circuits at a contract cost of $28 each. Currently, the cost of producing circuits in-house includes variable costs of $26 per circuit and fixed costs of $5,000 per month. The controller says that they should outsource production of the circuit, if it reduces fixed cost more than $200 per month. Is this statement true or false? 2. Deeper Clean Company makes bulk quantities of cleaning fluids. They currently sell 1,300 containers a month at a sales price of $24 per unit. If they add a new scent, they could charge $28 per unit for the improved product. It would cost them a total of $900 per month to make that alteration. If they decide to process further, it will improve their operating income. 3. Blue Streak Company makes a special kind of racing tire. Variable costs are $340, and fixed costs are $35,500 per month. Blue Streak sells 610 units per month at a sales price of $410. If Blue Streak upgrades the quality of the tire, management believes that the sales price can be increased to $450. If so, the variable cost will increase to $350, and the fixed costs will rise by 30%. The CEO wishes to increase his operating income by at least 20%. If the company decides to upgrade the product, the CEO will reach his goal.
In a curving traffic-flow pattern, inventory control and security are simplified
Indicate whether the statement is true or false
Project managers must be skilled at managing customer expectations and perceptions. Give three examples of how one can do this.
Fill in the blank(s) with the appropriate word(s).