A lot-for-lot (L4L) lot-sizing technique does not take into account setup costs or capacity limitations.
Answer the following statement true (T) or false (F)
True
Lot-for-lot (L4L) is the most common technique. It:
• Sets planned orders to exactly match the net requirements.
• Produces exactly what is needed each week with none carried over into future periods.
• Minimizes carrying cost.
• Does not take into account setup costs or capacity limitations.
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Internal reference prices are formed from advertising, past purchasing experience, and so on, and are often called ________ because the customer considers them the actual prices of the products in a category
A) competitive prices B) perceived prices C) price points D) ceiling prices
Treatment of missing responses poses problems, particularly if the proportion of missing responses is ________
A) between 1 percent and 3 percent B) between 3 percent and 5 percent C) between 5 percent and 7 percent D) between 8 percent and 9 percent E) more than 10 percent
Economic factors influence almost every marketing decision a firm makes.
Answer the following statement true (T) or false (F)
Which of the following is not a factor used in determining assessed value?
A)?Original price B)?Improvements C)?True cash value D)?a, b and c are all factors used