Walmart ordered a large number of backpacks for the start of the school year expecting that demand for the product would be high. However, the backpacks failed to sell and Walmart realizes that it over-ordered the product. Now it has decided to sell off its inventory to a discount retailer rather than keep the stock in its warehouses. For Walmart, the backpacks best represent a type of inventory called anticipative inventory.
Answer the following statement true (T) or false (F)
False
Firms end up with obsolete inventory when goods undergo design changes, near the end of their product life cycles, have been over-ordered, or have expired.
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An alternate way to increase sales volume is to expand the number of users. This can be done by ________
A) having consumers use the product on more occasions B) having consumers use more of the product on each occasion C) having consumers use the product in new ways D) remaining in the current market segment E) attracting competitors' customers
The formation of in-groups and out-groups in a team ______.
a. usually enhances the effectiveness of a team b. runs counter to team development c. is a reason to avoid virtual teams d. often supports the use of shared leadership
According to your textbook, what does research on selection tools suggest?
a. That they rarely work and employers are better off using their formal and informal networks b. That when used appropriately multiple hurdles are more effective in selecting the most ideal candidate c. That there is no difference between randomly selecting a person and using selection tools d. That current selection tools such as tests and measurements are an absolute invasion of privacy and should be banned as a form of selection
____________ is the degree to which an individual feels positive or negative about a job.
a. Job satisfaction b. Organizational culture c. Employee engagement d. Organizational commitment