What is reciprocity? Is it illegal or unethical? Why or why not?
What will be an ideal response?
Reciprocity is when business purchasers choose to buy from their customers. The practice is neither unethical nor illegal unless one party coerces the other into the reciprocal purchasing arrangement and the result is unfair competition. Reciprocity is generally considered to be a reasonable business practice, because it makes sense to patronize firms that help your organization achieve its sales and profit goals.
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Products that have been completed and are ready for sale at the end of the accounting period are known as
a. materials. b. work in process. c. finished goods. d. cost of goods sold.
In _____ manufacturing, suppliers ship parts directly to assembly lines, saving the cost of warehousing raw materials, parts, and subassemblies.
A. targeted B. ahead-of-time C. just-in-time D. total
Marketing planning is followed by the ________, which details how the plan will be carried out, outlining the day-to-day execution
A) operational plan B) time line C) SWOT analysis D) strategic plan E) marketing metric
The NHTSA has the authority to set motor vehicle safety standards that promote crash prevention
a. True b. False Indicate whether the statement is true or false