In order to not incur the tremendous costs of purchasing equipment for a manufacturing plant, an entrepreneur may
A. plan a harvest strategy.
B. reduce the volume of production.
C. form a strategic alliance.
D. downsize the plant's operations.
E. take loans from lenders.
Answer: C
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Service quality affects customer retention and profit in the numerator and accounts receivable in the denominator of the return on assets equation
Indicate whether the statement is true or false
A decrease in the lead time would reduce the
a. order point. b. safety stock. c. economic order quantity. d. ordering costs.
_____ are defined as companies in the same industry that sell similar products or services to customers.
A. Buyers B. Suppliers C. Competitors D. Industry regulators
Canada and Mexico are the same distance from the United States, but trade is higher between the United States and Canada than with Mexico because
A. true distance is smaller between the United States and Canada. B. Americans prefer Canadian food to Mexican food. C. all three countries share the same legal system. D. there are few immigration problems with Mexico.