Products and services fall into two broad classes based on the types of consumers that use them. Name these two broad classes and describe how they are different from each other
What will be an ideal response?
The two broad classes are consumer products and industrial products.
Consumer products and services—those bought by final consumers—are usually classified according to consumer shopping habits. Consumer products include convenience products, shopping products, specialty products, and unsought products.
Industrial products, on the other hand, are those that are purchased for further processing or for use in conducting a business. These products include the three broad categories of materials and parts, capital items, and supplies and services.
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The sum of the par value amount and the additional paid-in capital amount is the total amount received from shareholders for the shares when the firm first issued them. This total amount is also called _____
a. contributed capital b. paid-in capital. c. treasury stock d. Both answer choices a and b are correct. e. None of these answer choices is correct.
External support and recognition suggests that organizational rewards ______.
A. are unnecessary in team-based work B. should be targeted at specific individuals on teams C. should be given to whole teams in recognition of collective accomplishments D. are best bestowed upon formal team leaders so others can strive for excellence
A group of professors struggles to craft a set of assessment questions for their operations management intro class. They want to cover four topic areas with at least four questions each and have no more than twenty questions total for the assessment
What would a set of constraints look like if they chose an optimization approach to the assessment?
The following objective function is nonlinear: Max 5X - 8YZ
Indicate whether the statement is true or false