An insufficient number of territories means salespeople spend too much time traveling and not enough time selling
Indicate whether the statement is true or false
TRUE
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A manufacturer of cast iron frying pans wants to place its frying pans for sale in a major retail store. Which of the following would be a negotiable item?
A. Retail pricing points B. Prices and pricing allowances for volume purchases C. Location of shelf positioning D. Inventory levels the retail store should maintain E. All of these
In the management of a limited liability partnership, ________.
A. management decisions cannot be altered even by agreement B. only some partners have a say in its management C. new partners cannot join without the unanimous consent of the current partners D. the LLP pays income taxes
The discount on a note payable is charged to an account that has a normal credit balance
Indicate whether the statement is true or false
Using the fixed-time-period inventory model, and given an average daily demand of 300 units, 4 days between inventory reviews, 5 days for lead time, 1,200 units of inventory on hand, a z of 1.96, and a standard deviation of demand over the review and lead time of 12 units, what quantity should be ordered?
Fill in the blank(s) with the appropriate word(s).