Answer the following statements true (T) or false (F)
1) A forecast is an assertion about the future whose outcome is known.
2) Demand that is calculated from a parent item is called independent demand.
3) In the context of demand management, the loss and replacement of customers is known as churn.
4) The practice of hotels and resorts offering off-season discounts for slow periods is a form of demand management.
5) For a retailer, ski jackets and snow shovels are counterseasonal products.
1) FALSE
2) FALSE
3) TRUE
4) TRUE
5) FALSE
You might also like to view...
Relative to online marketing communications, traditional media offers advantages related to contextual placement
Indicate whether the statement is true or false
Rex and Sandy are partners. Rex has a capital balance of $370,000 and Sandy has a capital balance of $280,000. Marcus contributes a building with a fair market value of $220,000 in order to acquire an interest in the partnership. What is Marcus's partnership share after he makes the investment?(Assume no bonus to any partner. Round the percentage to one decimal place.)
A) 25.3% B) 32.2% C) 42.5% D) 17.2%
________ are a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything
A) Liabilities B) Services C) Brands D) Consumer products E) Specialty products
For product costs associated with a particular product to be reported on the income statement:
A. The company must expect to sell the product during the next twelve months. B. The product must still be in Work in Process Inventory. C. The product may be in any of the manufacturer's inventory accounts. D. The product must be transferred to Finished Goods Inventory. E. The product must be sold.