Where does the value for the consumer lie in the supply chain?
What will be an ideal response?
Each participant in the supply chain adds value. No single firm can execute all the necessary tasks well, and the specialization of labor helps improve quality while decreasing prices. Participants in the supply chain help ensure that consumers get what they want, when and where they want it.
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According to Maslow's hierarchy of needs, which of the following is most likely an esteem need?
A) love B) security C) hunger D) self-development E) status
An equitable trust that is implied by law to avoid fraud, unjust enrichment, and injustice is defined as a ________
A) constructive trust B) testamentary trust C) spendthrift trust D) token trust
Answer the following statement(s) true (T) or false (F)
1. Social cognition explains how we develop mental representations and how our mental representations influence the way we process information about people and social events. 2. The image that the word fish brings to mind is part of a mental representation called a script. 3. We create a schema for people of a nationality by assigning a set of characteristics to a particular national culture label. 4. Schemas are largely unconscious mental representations that shape how we think and act in a given situation. 5. Norms can be more important predictors of behavior in collectivist than in individualist cultures.
Travis has an athletic shoe store and is currently preparing a market summary. To be most effective, the competition section of his market summary should
A. list both direct and indirect competitors. B. list only indirect competitors. C. list possible tactics to obtain a larger market share. D. list only direct competitors. E. focus only on competitors that sell the same product as he.