Just-in-time manufacturing is a system that acquires inventory and produces product only when needed for an order.

Answer the following statement true (T) or false (F)


True

Business

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When large companies can no longer defend their full territory, they can launch a ________ defense where they give up weaker markets and reassign resources to stronger ones

A) contraction B) preemptive C) flank D) mobile E) position

Business

Paolo has been offered jobs at two different retail companies and needs to decide which one to accept. Which of the following can be a useful clue about each organization's culture?

A. the way employees interact with customers B. the industrial environment C. information printed in the media about stock prices D. the personality characteristics of employees E. the macroenvironment

Business

A cost that has both a fixed and variable component is called a(n):

A) step cost. B) mixed cost. C) irrelevant cost. D) relevant cost.

Business

To implement participative management the entrepreneur should have open communication with employees.

Answer the following statement true (T) or false (F)

Business