Many e-commerce businesses failed in the late 1990s because ________
A) their online stores were a source of identity fraud
B) they were owned by young entrepreneurs
C) there was an economic decline called the "dot-com bust"
D) they did not plan for rapid growth and lacked sufficient inventory to fulfill orders
E) they had too many other online competitors
D
Explanation: D) Many e-commerce firms were initially successful, but failed because they did not anticipate or plan for rapid growth in the demand for their products. Thus, they did not have sufficient quantities of products to fulfill all the orders they received.
You might also like to view...
______ is one of Northouse’s five major leadership traits focused on a leader’s inclination to seek out pleasant social relationships.
A. Surgency B. Agreeableness C. Extraversion D. Sociability
Which one of the following is NOT a layout tactic in a JIT environment?
A) work cells for families of products B) fixed equipment C) minimizing distance D) little space for inventory E) poka-yoke devices
The standardization and grading function of marketing involves
A. movement of goods from one place to another. B. promoting goods and services through media. C. sorting products according to size and quality. D. looking for and evaluating goods and services. E. collection, analysis, and distribution of information.
Dake Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$6.55Direct labor$3.50Variable manufacturing overhead$1.40Fixed manufacturing overhead$2.60Fixed selling expense$0.70Fixed administrative expense$0.40Sales commissions$1.50Variable administrative expense$0.45 For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to:
A. $60,200 B. $10,400 C. $45,800 D. $56,200