An agent who has either actual or apparent authority has the power to bind his principal
a. True
b. False
Indicate whether the statement is true or false
True
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Brand personality analysts identified the popular music channel MTV as daring, spirited, and highly imaginative. As per Jennifer Aaker's research, which of the following brand personality traits best suits MTV?
A) excitement B) sincerity C) competence D) ruggedness E) sophistication
For a given item the lead time is 1 week, the on hand inventory is 50 units, demand is 20 units per
week, safety stock is set at 3 weeks supply and the item is ordered every 2 weeks. The order quantity should be: A) 50 units. B) 40 units. C) 60 units. D) 70 units. E) 120 units.
A contract is essentially an agreement that creates an obligation
Indicate whether the statement is true or false
What is the TQ view on customer-supplier relationships?