The objective of the EOQ with quantity discounts model is to
a. determine the minimum order quantity required for the maximum discount.
b. balance annual ordering and holding costs.
c. minimize annual purchase cost.
d. minimize the sum of annual carrying, holding, and purchase costs.
d. minimize the sum of annual carrying, holding, and purchase costs.
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Describe the problem of data redundancy
What hypothesis did Subway marketers make during the 2008 recession?
a. Sales would improve if there were fewer stores. b. Selling foot-long subs at the reduced price of $5 would increase sales. c. More foot-long subs would sell if more expensive items were removed from the menu. d. Subway sales would improve after the recession were over.
According to the plaintiff's attorney, to minimize liability, corporations often I. Hire the best defense firms to make the plaintiffs look like liars II. Pursue illegal means to get plaintiffs to drop their cases III. Use the system to make the case too expensive for plaintiffs to pursue their cases IV. Push plaintiffs in to class action suits to force the case to be heard only one time
a. I and II b. II and III c. III and IV d. IV and I
Mary works in the buying center at a personal protection safety equipment firm. Whenever she needs a certain product, she always orders from Phil. Although other suppliers might be less expensive, Mary has worked with Phil before and trusts him completely to deliver all supplies to the exact specifications. She values this trust and would rather work with Phil than having to take a chance on another supplier who might be less expensive. Which factors are influencing the business buying decision process?
A. Reciprocity B. Environmental C. Organizational D. Interpersonal E. Economic