If we are producing the product or component in-house, then the total inventory-related cost on an annual basis is ______.
a. the sum of total annual setup cost and total annual holding cost less the sum of total annual stock-out cost and total annual materials purchase cost
b. the ratio of the sum of total annual setup cost and total annual holding cost to the sum of total annual stock-out cost and total annual materials purchase cost
c. total annual setup cost + total annual holding cost + total annual stock-out cost + total annual materials purchase cost
d. the product of the sum of total annual setup cost and total annual holding cost to the sum of total annual stock-out cost and total annual materials purchase cost
c. total annual setup cost + total annual holding cost + total annual stock-out cost + total annual materials purchase cost
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Options exist when the owner of the option has
A. the obligation, but not the right to engage in a transaction. B. the right, but not the obligation to engage in a transaction. C. neither the right nor the obligation to engage in a transaction. D. the right and obligation to engage in a transaction.
Diversity provides several challenges for decision making. Which of the following are differences in culture that can affect this process?
A) Importance of rationality B) Time orientation C) Believe on individual problem solving D) All of the above
Which of the following is essential to generating a sale from an early majority buyer?
a. low price b. high levels of promotion c. vision of achievement of a revolutionary breakthrough d. reference from a trusted colleague e. all of the above
Julian Ramirez, an advertising manager for Verizon, has chosen the words for the company's new magazine ads and is now determining which illustrations will best complement the words. Therefore Julian is in which stage of developing the advertising campaign?
A. Defining the advertising objectives. B. Developing the media plan. C. Creating the advertising message. D. Executing the campaign. E. Identifying the advertising target audience.