By-laws are part of the business's charter or articles of incorporation
Indicate whether the statement is true or false
False
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Which of the following inventory costing methods is prohibited under IFRS?
a. FIFO b. Weighted-average c. LIFO d. Perpetual
Journalize the following transaction for a merchandiser that uses the perpetual inventory system. Sold goods to A. Pitt, on account, $2,500 (cost, $1,750). Omit explanations.
What will be an ideal response?
Which of the following is NOT a goal of a repetitive process?
a. high customer satisfaction b. low unit costs c. high efficiency d. high volume of production
A recent meeting of the Council of Supply Chain Management Professionals featured an executive from Dell, which is known for its ability to customize computers to customers' needs as well as their ability to provide quality products at economical prices through their retail channel. The executive discussed the firm's capabilities regarding the ability to produce products that are "built-to-order" and noted that recent customer insight showed customers were less willing to wait 7 to 10 days to receive their computer even though it was built to their specifications. As a result of this customer trend, Dell began forging relationships with retailers such as Walmart to provide a limited number of computer models in the retailers' stores. In order to fulfill the orders to Walmart, Dell was
required to make changes in its production and manufacturing such as holding more products in inventory and utilizing different modes of transportation. For example, Dell was able to shift from a focus on air transportation to over-the-road trucking, which enabled it to cut costs in some areas. As Dell shifted from a "build-to-order" manufacturer to a "make-to-stock" manufacturer, it also had to make investments in customer analytics to identify customer needs as well as collect insight regarding pricing. This customer insight was especially important to the retail partners like Walmart, which requires its vendors to justify product stock decisions and provide proof that retail inventory will sell at the projected price points. Dell's ability to modify its business model by forging relationships with retailers such as Walmart as well as customer insights has helped the company achieve its revenue and profitability goals. ? Which variable of the marketing mix is most affected by Dell's decision to become a "make-to-stock" manufacturer? ? A. Product variable B. Pricing variable C. Distribution variable D. Promotion variable