Answer the following statements true (T) or false (F)
Principles are basic assumptions concerning the business environment.
ANSWER: F
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The entire plant needs a fresh coat of paint so you, as the operations manager, are charged with securing a painting contract to accomplish this. You locate four painting contractors and ask them for their performance on four criteria
Their responses, along with your minimum standards and the importance you place on each criterion, is shown in the table. Assign scores from 1 to 5 where 1 is terrible and 5 is excellent, for each contractor's performance on each criterion and determine who should be awarded the contract. Write a brief explanation for all the 1s and 5s you assign. Contractor Cost 20% Paint Time 25% Experience 20% References 20% Paint Quality 15% 1 $22,000 5 days 15 years Positive 20 year 2 $20,000 4 days 10 years Strongly positive Lifetime 3 $25,000 8 days 3 years Positive 25 year 4 $22,500 5 days 25 years Strongly positive 20 year Minimum Standard Less than $25,000 Less than 1 week 5 years in business No negative references out of three 15 year guarantee What will be an ideal response?
_____ increase the prices of products that are allowed to be imported.?
A. ?Stockouts B. ?Tariffs C. ?Quotas D. ?Discounts E. ?Expropriations
Walgreens advertises the fact that Bayer aspirin may cost more but works no better than Walgreens' own brand of aspirin. In this example, Walgreens is competing on the basis of
A. selection. B. packaging. C. service. D. price. E. market share.
As a result of Moore's Law, the ratio of price to performance of computers has increased dramatically over the years
Indicate whether the statement is true or false