The buyer can change the purchased quantity based on the updated demand forecasts for the product under the ______ contract.
a. buyback
b. quantity-flexibility
c. revenue-sharing
d. fixed-price
b. quantity-flexibility
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A product line is also known as a product mix
Indicate whether the statement is true or false
The Engine Division of Magnificent Motor Corporation uses 5,000 carburetors per month in its production of automotive engines. It presently buys all of the carburetors it needs from two outside suppliers at an average cost of $100 . The Carburetor Division of Magnificent Motor Corporation manufactures the exact type of carburetor that the Engine Division requires. The Carburetor Division is
presently operating at its capacity of 15,000 units per month and sells all of its output to a foreign car manufacturer at $106 per unit. Its cost structure (on 15,000 units) is: Variable production costs $70 Variable selling costs 10 All fixed costs 10 Assume that the Carburetor Division would not incur any variable selling costs on units that are transferred internally. Refer to Magnificent Motor Corporation. What is the maximum of the transfer price range for a transfer between the two divisions? a. $106 b. $100 c. $90 d. $70
Members of management prefer that public relations professionals demonstrate how their efforts contribute to overall organizational goals rather than to the bottom line
Indicate whether the statement is true or false
For Mintzberg, strategy was most likely to be based on __________.
a. Planning b. Following orders c. Irrationality d. Creative synthesis