Safety stock is not necessary in any fixed-time-period system.
Answer the following statement true (T) or false (F)
False
Fixed-time-period models generate order quantities that vary from period to period, depending on the usage rates. These generally require a higher level of safety stock than a fixed-order-quantity system.
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Street vendors are considered distribution channels
Indicate whether the statement is true or false
When a company introduces a product at a very high price and then gradually drops the price over time, it is pursuing a ________ strategy
A) market-penetration pricing B) market-skimming pricing C) value-pricing D) switching cost E) loss-leader pricing
The tendency to either seek or avoid risk may be based on the ________ point against which offers and concessions are judged.
Fill in the blank(s) with the appropriate word(s).
After a breach of contract by a buyer, if a seller auctions the goods and makes a profit, he is not liable to give the profit to the buyer.
Answer the following statement true (T) or false (F)