The value-creating retail activity that is particularly important to consumers with small living quarters who cannot store a large quantity of products is
A. providing services.
B. breaking bulk.
C. holding inventory.
D. consumerization.
E. providing assortments.
Answer: C
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On May 1, 2015, Alang Corporation borrowed $3,600 on a two-year, 6% note payable. Interest is due and payable at the end of each six months. Alang makes all interest payments on schedule. The correct December 31, 2016, adjusting entry would be
A) ?Interest Expense 36Interest Payable 36? B) ?Interest Payable 144Cash 144? C) ?Interest Expense 108Cash 108? D) ?Interest Expense 144Interest Payable 144
A__________is a price reduction offered to buyers buying in multiple units or above a specified dollar amount
Fill in the blanks with correct word.
In the EPQ model, given that Q is the optimal production quantity, d is the demand rate, p is the production rate, and H is the holding cost per unit per year, the total annual holding cost equation is given by ______.
A. Q/2 ? ([d–p]/p) B. Q x ([p–d]/p) x H C. Q/2 x ([p–d]/p) x H D. Q/2 x H
Which of the following statements concerning line balancing is TRUE?
A) The theoretical minimum number of stations must always be fewer than the actual number. B) The largest number of followers rule assigns (as quickly as possible) those work elements most difficult to fit into a station. C) Selecting the cycle time can never have an effect on line efficiency. D) Increasing the output rate may increase the theoretical minimum number of stations.