The Alabama Attorney General recently filed suit in federal court in Montgomery, Alabama, alleging that Maytag secretly reconditioned defective microwave ovens at its Magic Chef plant in Anniston, Alabama; altered their serial numbers; and sold them as
new. Janis Cooper, a vice president for Maytag, says the company is reviewing its procedures at the plant and that Maytag "considers the trust of our customers very important." Regardless of whether the allegations are true, what problems will Maytag experience as a result of the incident?
General loss of consumer trust; public relations difficulties; drop in sales; case is an excellent illustration of how even the taint of unethical behavior can be very costly to a firm.
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Which of the following actions has Google taken in response to concerns about AI (artificial intelligence) technologies?
A. set up an ethics board to ensure that AI technology is not exploited B. made strong statements that the advancement of AI should be allowed without concern C. invested more money in advancing AI while others grapple with ethical issues D. hired a team of lawyers to make sure they can defend themselves against lawsuit
The fill rate is ______.
A. the percentage of customer orders that can be satisfied from inventory in stock B. inversely related to effectiveness of inventory management B. the product of the stock-out rate and rate at which customers place orders D. lower during periods of seasonal demand
Answer the following statement(s) true (T) or false (F)
1. When Maytag emphasizes durability and reliability of their products it is using a non price competition strategy designed to build brand loyalty. 2. For most products, as the quantity demanded goes up, price goes up also. 3. The equilibrium point occurs when all units of a product are sold at the highest price, meeting the expectations of both buyers and sellers. 4. The standard markup for products in almost all industries is 50 percent. 5. The purpose of break even analysis is to determine the equilibrium point.
In the method of Lagrange multipliers, the model constraints are multiplied by Lagrange multipliers and ________ the objective function
A) divided by B) multiplied by C) added to D) subtracted from