A dynamic environment is characterized by the absence of new competitors, few technological breakthroughs by current competitors, and little activity by pressure groups to influence the organization.
Answer the following statement true (T) or false (F)
False
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Santosh, a computer service firm owner, has drafted a sales letter to area businesses in which he has emphasized his central selling point— immediate, personal service—in each paragraph. To keep the recipient's interest, he should edit his message to include the idea of his central selling point in only one paragraph
Indicate whether the statement is true or false
Your firm's policy is to respond to some of the comments your customers make on Facebook and Twitter. What should you do when responding to these comments?
A) Use a friendly, upbeat, professional tone. B) Take this opportunity to name your competitors and explain how much better your products are. C) Avoid admitting mistakes. D) You should do all of these when responding.
_____ is an example of a long-term investment of a firm.
A. Retained earnings B. Equipment C. Accounts receivable D. Common stock E. Long-term bonds
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the ordering costs are $20 per order, what are the total ordering costs during the 10-day period?
a. $60
b. $3
c. $20
d. $180