When using the normal distribution to approximate demand, which of the following is not true?
A) We assume demand is normally distributed.
B) We assume demand is a random variable.
C) We assume 50 percent of the time demand is less than the mean.
D) We assume the fixed cost follows a normal distribution.
E) All of the above are true.
D
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Sales leads should be qualified and placed into categories based on:
A) sales potential and probability of acquisition B) profit potential and probability of acquisition C) sales potential and profit potential D) the share of the customer currently held and the potential for increasing the share
The higher the value added from any activity, the higher should be the ____________________ from engaging in that activity
Fill in the blank(s) with correct word
When compared with single sourcing, multiple sourcing has the advantage of:
A) spreading risk. B) volume leveraging. C) lower transportation costs. D) reduced quality variability.
IP is characterized by ________ development costs and very ________ marginal costs.
A. insignificant; low B. significant; low C. expensive; high D. insignificant; high