The practice of purchasing other companies within one's supply chain which is predicated on the notion that a company's profits can be maximized by owning one's supplier is known as:
a)transfer purchasing.
b)supply chain management.
c)vertical integration.
d)profit integration.
Answer is b. supply chain (The incremental cost of manufacturing additional products for an internal sale is the variable cost of production furthermore the selling division can often avoid certain marketing or distribution costs on internal sales. vertical integration, the practice of purchasing other companies within one supply-chain is predicated by the nation that a company's profits can be maximized by owning one's supplier.)
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Which of the following is true for businesses with above average customer value?
A) They need to spend more to acquire customers. B) The cost of purchase equals performance benefits. C) They produce higher levels of pre-tax return on investment. D) The cost of purchase exceeds performance benefits. E) They have great difficulty in retaining customers.
Examples of a substantive goal are winning, beating the other party, or getting a settlement at any cost.
Answer the following statement true (T) or false (F)
Why is it most likely important to maintain this guest's satisfaction with the hotel and the front desk clerk?
A) The guest is visiting the ReView Hotel during the off season and is paying a below average rate for the room. B) The guest is already satisfied with the wireless service, so her cluster of satisfactions will be maintained if she is also satisfied with the hotel and the front desk clerk. C) The guest's membership in the hotel's rewards club indicates a previous level of satisfaction that should be maintained by the front desk clerk to ensure customer loyalty. D) The hotel maintains exclusivity through various pricing levels and room features. E) The clerk is the only employee of the hotel with whom the guest will have contact.
Expenditures from a petty cash fund are documented by a petty cash receipt
Indicate whether the statement is true or false