There is only one use of test markets: to determine the sales potential for a new product or service
Indicate whether the statement is true or false
FALSE
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Answer the following statement(s) true (T) or false (F)
1. If the order quantity in each order is large, then fewer orders will be placed, which will result in lower annual ordering costs. 2. If the order quantity per order is 2,000 units, annual demand is 10,000, and cost per order is $50, then the total annual ordering cost is $2,500. 3. If the order quantity per order is 2,000 units, annual demand is 10,000, and cost per order is $50, then the total annual ordering cost is $250. 4. If the order quantity per order is 2,000 units, annual demand is 10,000, and cost per order is $50, then the average inventory is 1,000 units.
Under the UCC, between merchants, if a purported acceptance contains additional terms, there
is an acceptance, and: A) The additional terms do not become part of the contract if they materially alter the contract. B) There is no contract. C) The additional terms are part of the contract. D) The additional terms are not part of the contract.
Which of the following is NOT a requirement of strategic capacity planning?
a. forecasting demand over several years b. looking at demand and growth trends c. looking at cyclical demand patterns d. establishing a policy on discounts and rebates
A seller should enter into a contract of indemnity with a manufacturer giving the seller a right to reimbursement if found liable for a defect caused by the manufacturer
a. True b. False Indicate whether the statement is true or false