An agency's power to determine whether the activity of a regulated entity is acceptable or not is an example of:
A) rate-making power
B) licensing power
C) power over business practices
D) liability power
C
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A ________ maintains inventory for a company in different geographic areas, while a ________ carries no inventory but provides selling services for specific geographic areas
A) manufacturers' showroom; sales branch B) sales branch; sales office C) sales branch; manufacturers' showroom D) manufacturers' showroom; drop shipper E) selling agent; manufacturers' agent
A mastery of _____________________ is an advantage to any professional person of any nationality
a. all forms of English b. standard written English c. personal communication skills d. business etiquette
Economies of scale refers to which of the following?
a. Seeking out customers that will purchase large quantities b. Purchasing and manufacturing product in high volume c. Mitigating risk by insurance d. Producing low volume product before higher volume product
________ is the process of coordinating the flow of goods, information, and services among members of the supply chain.
Fill in the blank(s) with the appropriate word(s).