The term of the note, stated as a fraction of a year, is known as the ____________________
Fill in the blank(s) with correct word
time
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Specialty products are purchased infrequently
Indicate whether the statement is true or false
Unlike buyers in business markets, buyers in consumer markets tend to:
a. purchase in much larger quantities. b. generate more stable demand trends. c. approach purchasing more informally. d. involve more people in a single purchase decision.
Which of the following is a component of the operations plan?
a. backlogs, back orders, and lost sales b. promotions c. customer service levels d. new product introductions
A _____ is used for goods that must be produced at a specific site or that are so large and bulky that it isn't feasible to move them from station to station.
A. process layout B. product layout C. fixed position layout D. cellular layout