Consumers are less likely to use price to judge the quality of a product when they ________
A) have never tried the product before
B) have little knowledge of the brand
C) have experience with the product
D) are shopping for luxury items
E) cannot physically examine the product
C
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Which of the following is TRUE of Just-in-Time (JIT) Management?
A) It results in more storage and insurance costs. B) It is a system in which the company produces products only after receiving an order. C) It promotes surplus inventory to prevent production shut-down in case of supply interruptions. D) It requires a surplus inventory of finished goods to ensure timely, or just-in-time, delivery to customers.
According to the textbook, to create the best working culture, it is essential to understand how organizational structure influences ___________________.
a. Technology within the organization b. Top-down leadership c. Employee behavior d. Political processes within the organization
West Corporation's Year 1 ending inventory was overstated by $20,000; however, ending inventory for Year 2 was correct. Which of the following statements is correct?
A. Retained earnings at the end of Year 2 is overstated. B. Cost of goods sold for Year 1 is overstated. C. Cost of goods sold for Year 2 is overstated. D. Net income for Year 1 is understated.
The phrase “employees can work anyplace at any time” is most closely associated with which trend?
a. aging boomer generation b. social networking c. globalization d. workforce virtualization