Name the steps involved in selecting an advertising agency
What will be an ideal response?
1. Set goals
2. Select criteria
3. Screen initial list of applicants
4. Request client references
5. Reduce list to 2 or 3 viable agencies
6. Request creative pitch
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Arguments that labor unions intrude on property rights reflect:
A. Virtue ethical beliefs. B. Fairness ethical beliefs. C. Libertarian ethical beliefs. D. Duty ethical beliefs.
The time horizon for ______ is 3 months or less.
a. intermediate-term demand planning decisions b. long-term demand planning decisions c. short-term demand planning decisions d. prolonged demand planning decisions
The first unit produced in a process takes 400 hours. As the number of units produced doubles, production time decreases by 32%. Using the arithmetic approach, calculate the production time for the 16th unit.
a. 84 hours b. 83 hours c. 96 hours d. 86 hours
Consider the estimated aggregate demand for a company’s ski product line for the upcoming year in the following table. Calculate the hiring cost for month of January using the chase production strategy. The average number of hours required to produce a pair of skis is 8 hours, and the number of worker hours per month is 160. The current workforce is 100. The beginning inventory for January is zero. The hiring cost per worker is $400.
a. $120,000
b. $150,000
c. $200,000
d. $100,000