Inventory turned over seven times during the year at Prosser Electronics. Similar electronics retailers have an inventory turnover equal to twelve times per year. What explains Prosser's state of inventory management?
A) Prosser sold too much inventory during the year.
B) Prosser needs to increase sales and decrease the amount of inventory on hand.
C) Prosser is performing much better than its competitors.
D) Prosser should increase the amount of goods on hand to accommodate the growth in inventory demand.
B
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Integrating technologies into a firm’s production and development systems to facilitate the creation and delivery of a product to customers or service to employees is:
a. benchmarking b. upstream innovation c. turnkey innovation d. technology indigenization
Pop Soda Co. wants to increase sales of its existing carbonated drinks by making them more convenient, so it's making the drinks available at more stores in its present areas. This is an example of
A. differentiation. B. product development. C. market penetration. D. market development. E. diversification.
An administrative agency is created when Congress enacts an enabling statute that delegates to the agency the power to issue rules, regulations, and guidelines to carry out its statutory mandate
Indicate whether the statement is true or false
The services that government provides would not be produced by private business firms or would be produced only for those who could afford them.
Answer the following statement true (T) or false (F)