Companies hold a supply of inventory for all of the following reasons EXCEPT:
a. meet variation in product demand
b. increase production change/setup costs
c. allow production scheduling flexibility
d. purchase in bulk to take advantage of quantity discounts
e. maintain independence of operations (Decoupling)
b
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Which of these statements about formula presentations is true?
A. New-task buying situations are a good time to use the formula presentation method. B. An advantage of the formula presentation is that it is most adaptable to complex selling situations. C. Customers get the greatest amount of talking time at the beginning of the formula sales presentation. D. To successfully use the formula sales presentation method, the salesperson must have previously identified the prospect's needs and wants. E. The formula presentation is based on the SPIN procedure of developing and giving the sales presentation.
One method of dealing with heteroscedasticity is to try a logarithmic transformation of the data
a. True b. False Indicate whether the statement is true or false
In order to estimate the average electric usage per month, a sample of 81 houses was selected, and the electric usage was determined. Assume a population standard deviation of 450-kilowatt hours. The standard error of the mean is
a. 450 b. 81 c. 500 d. 50
A small firm may be unable to mount a serious attack due to lack of resources. As a result, it is more likely to react to ________ actions, such as incentive pricing or enhanced service offerings, because they are less costly to attack than large-scale strategic actions.
A. strategic B. tactical C. co-opetition D. forbearance