Explain why inventory control has such a major impact on the costs of logistics

What will be an ideal response?


If supplies of a product are too low to meet fluctuations in customer demand, a firm may have to make expensive emergency deliveries or lose customers to competitors. If inventories are above demand, unnecessary storage expense and the possibility of damage or deterioration can occur. Channel members want to minimize the cost of holding inventory while at the same time ensuring that inventory will be there when customers need it.

Business

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Multibranding offers a way to establish different features that appeal to different customer segments, lock up more reseller shelf space, and capture a larger market share

Indicate whether the statement is true or false

Business

Perry Rodriguez wants to create a network of prospects for his landscaping business. Which of the following would be the LEAST effective method?

A. Sending contacts unflattering information about the competition B. Sending contacts monthly sales promotional items C. Sending thank-you notes to people who give him leads D. Focusing on meeting center-of-influence people E. Asking open-ended, feel-good types of questions

Business

The “ladder of corruption” operates in which immoral socialization process?

A. co-optation B. compromise C. incrementalism D. collaboration

Business

In order to meet the Statute of Frauds requirements, the entire writing must be contained in one

document. Indicate whether the statement is true or false

Business