Which of the following statements about the EOQ inventory model assumptions is incorrect?
a. Demand for the product is constant and known with certainty.
b. The lead time is a variable.
c. All inventories in the order arrive at the same time.
d. Total ordering cost is a variable
B
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Which of the following statements is true about on-demand marketing?
a. It requires firms to focus on the internal rather than the external business environment. b. It gives maximum emphasis to aggressive personal selling strategies. c. It is aimed at enhancing customer relationships. d. It is used by sales-oriented firms.
A ____________ is a product that is ready for purchase or delivery to the customer.
What will be an ideal response?
Beyond the sheer value of the goods and services they generate, small businesses make a powerful contribution to the U.S. economy in terms of:
A. merging billion-dollar corporations. B. powering the stock market. C. creating new jobs. D. accounting for all private sector output.
A sole proprietor owns the entire business but does not receive all of the profit
a. True b. False Indicate whether the statement is true or false