Late majority are product followers who are price-sensitive and risk-averse.
Answer the following statement true (T) or false (F)
True
Late majority are product followers who are price-sensitive and risk-averse. They purchase older generation or discontinued models with lower prices and fewer product features.
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The B/AR/CR system supports the repetitive work routines of the credit department, the cashier, and the accounts receivable department
Indicate whether the statement is true or false
The American Community Survey may represent the most significant change in the availability of secondary data to be used for marketing research purposes in several decades
Indicate whether the statement is true or false
All of the following are major trends in B2B e-commerce in 2018-2019, except:
A. a movement toward implementing highly centralized supply chains to reduce risk. B. a growing emphasis on the use of business analytics software (business intelligence) to understand very large data sets. C. a growing emphasis on rapid-response and adaptive supply chains rather than lowest-cost supply chains. D. an increase in regional manufacturing and supply chains to attempt to combat the risks of far-flung global networks.
What would be the length of an order cycle – i.e. the time between successive orders using the EOQ?
The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four (4) days. Assume 365 days in a year. A) 10 days B) 20 days C) 25 days D) 30 days