In order to reduce production costs, Tryon Inc., an automobile manufacturer, decided to buy out a glass plant and begin manufacturing the glass for the windows of cars on its own. The corporate strategy adopted by the company is known as
A. differentiation.
B. unrelated diversification.
C. vertical integration.
D. concentration.
E. related diversification.
Answer: C
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Joe’s Donut Hole wishes to estimate an appropriate reorder point for cases of a raw material used in making donut icing. The average daily demand is 2 cases. The lead time for replenishment orders is 10 days with an estimated lead time demand standard deviation of 2 cases. For a 99% service level, what should the reorder point for this item be?
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What will be an ideal response?
Briefly describe the three lessons that the past has taught about how to use IT strategically, according to Brown and Hagel
What will be an ideal response?