Safety inventory is inventory carried for the purpose of satisfying demand that exceeds the amount forecasted for a given period
Indicate whether the statement is true or false.
Answer: TRUE
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Sam's merchandise is sold in large quantities and stacked high on metal shelving. This merchandising gives the customer a message of low prices. Which of the following merchandising techniques is Sam's using?
A. Price lining B. Frontage presentation C. Atmospherics D. Color presentation E. Tonnage merchandising
Select the statement that correctly describes the dependence effect derived from John Kenneth Galbraith's ideas on consumer affluence.
A. Consumer demand depends on what producers have to sell. Demand is a function of supply. Advertising creates wants. B. Consumers depend on the free market to learn about the products they may need and want. C. Owners of productive capital depend on giving consumers what they want; otherwise they would lose their investment. D. Supply follows and depends on demand; consumers are only getting what they want.
Answer the following statements true (T) or false (F)
1. Escalated is one of the basic types of layouts. 2. A product layout is used to produce a unique product for different customers. 3. A fixed-position layout is also referred to as a straight-line layout. 4. An open office layout design promotes standardization.
Which of the following is not an intercultural negotiation guideline?
a. Determine that the negotiation is feasible. b. Send the proper team including your own interpreter. c. Adjust to the way of life in the host culture. d. Agree to a bad deal; it is better than no deal.