Which of the following value chain activities involves collecting, storing, and physically distributing the product to buyers?
A. customer service
B. outbound logistics
C. inbound logistics
D. operations
E. sales and marketing
Answer: B
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Misrepresentations by an agent made with the intent to deceive a third person will:
A. make the agent liable to the third person. B. make the third person liable to the principal. C. absolve the principal of any liabilities toward the third person. D. make the principal liable to the agent and the third person.
Market niching is profitable because the company ________
A) copies or improves on the leader's products and programs, usually with much less investment B) bears the cost of developing new products and markets, expanding distribution, and educating the market C) knows the needs of the target customer segment better than other firms that casually attempt to sell to the same segment D) either keeps its manufacturing costs and prices low or its product quality and services high E) can achieve economies of scale much faster by selling the same product to the global market
Punctuate the sentence correctly. This survey yields some key information for example 89 percent of callers have experienced frustration with our automated telephone system
A method of group decision making where group members bargain and negotiate to reach a middle ground is known as consensus
Indicate whether the statement is true or false