When a company recognizes the importance of sharing supply and demand information with suppliers and customers, it is practicing supply chain management.
Answer the following statement true (T) or false (F)
False
When a company recognizes the importance of sharing supply and demand information with suppliers and customers, it exhibits a supply chain orientation. When management sets up technology to enable the sharing of demand information with suppliers it is practicing supply chain management.
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A marketing program blends all of a firm's marketing plans into one "big" plan.
Answer the following statement true (T) or false (F)
Chip's Chips Company agrees to supply Delicioso Café with all the corn chips that it requires for a year. A sudden demand for ethanol results in a shortage of corn, and the price rises sharply. Chip's asks Delicioso to pay a higher price for the chips. This request is
A. invalid as an attempt at extortion or the so-called holdup game. B. invalid under the preexisting duty rule. C. valid as a risk ordinarily assumed in business. D. valid due to the unforeseen difficulty of the sudden price increase.
Jim agreed to show Donna's car to a potential buyer. Donna was not able to be home since she had to attend a meeting. After showing the car, Jim left the keys in it and the car was stolen. Which statement is correct?
A)Since Jim is a gratuitous agent, he will only be liable for the loss of the car if his conduct constitutes gross negligence. B)Since Jim is a gratuitous agent, he will be liable for the loss of the car if his conduct constitutes ordinary negligence. C)Since Jim is a gratuitous agent, he has no liability for the car. D)Since Jim is a gratuitous agent, he is strictly liable for the loss of the car.