Why is bartering not very efficient?
What will be an ideal response?
Although bartering works, it is not very efficient. If you are a carpenter, you cannot build something for everyone you want something from. You could not, for example, build a storage shelf for a grocer every time you need milk. After a while, the grocer wouldn’t need any more storage racks, and you would be tired of building them. And, if every time you wanted to get a carton of milk you had to find a grocer who needed a storage rack built, you would waste a great deal of time looking for one. It would be better if you could receive some common item for building storage racks and the grocer could receive a similar common item for selling milk.
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When an affiliate in one country does business with customers in another, it is operating in the foreign environment.
Answer the following statement true (T) or false (F)
In the previous problem, the manufacturer performs additional market research
Based on this research, they determine that they can increase the price to $150 and are able to reduce the standard deviation of the forecast to ? = 30. At the same time, they have made an arrangement with an outlet store that will purchase unsold equipment for $60 each. How will these changes affect the cost of overstocking, cost of understocking, optimal cycle service level and optimal order size? What will be an ideal response?
Self-aggregators are
A) businesses that specialize in collecting data and then reselling it to companies who need it. B) companies that collect their own data from an array of locations and use it to make business decisions. C) firms whose executives strive to be quoted in syndicated news outlets to gain publicity. D) enterprises that develop the technology needed to analyze data on consumer preferences.
Stephanie is a supervisor and is concerned with the work performance of Dan, one of her subordinates in the office. Stephanie knows the information is sensitive and is worried about how Dan will react
She wants to be able to gauge his reactions to what she has to say. What is the BEST way for Stephanie to communicate her concerns to Dan in this particular situation?a. sending a business memo b. sending an e-mail c. making a phone call d. having a face-to-face meeting