Why might a company use crowdsourcing?
What will be an ideal response?
When a company has a complex problem that cannot be solved by its own employees or partners, the company may call on outsiders from around the world to create possible solutions.
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The premium approach involves giving a prospect significant discounts when bulk purchases are made.
Answer the following statement true (T) or false (F)
Two or more freely interacting individuals who share collective norms, share collective goals, and have a common identity are called a
A. cluster. B. self-managing work team. C. collaborative unit. D. quality circle. E. group.
Use the selected data from Pinecrest Company's financial statements to answer the following question. 2017 2016 Cash $ 22,000 $ 14,000 Accounts receivable 42,000 16,000 Merchandise inventory 22,000 83,000 Prepaid expenses 23,000 18,000 Total current assets $109,000 $131,000 Total current liabilities $ 65,000 $ 72,000 Net credit sales 221,000 326,000 Cost of goods sold 168,000 299,000 Net cash
flow from operating activities 16,000 29,000 Refer to the data for Pinecrest Company. Competitors in Pinecrest Company's industry have an average inventory turnover of 20.8 times. Its inventory turnover for 2017 a. indicates that the company has too little inventory on hand at the end of 2017. b. indicates that the company is pricing its products too low. c. is equal to the number of days' sales in the company's inventory. d. indicates that the market may be reacting to problems in the sales department by reducing demand for the company's products.
A retailer can reduce employee turnover by
A. increasing its dollar sales. B. paying all employees the same. C. implementing a straight salary compensation plan. D. reducing its fixed costs. E. building an atmosphere of mutual commitment.