The use of supplemental resources such as overtime, contract workers, and additional shifts leads to a ______.
a. drop in product quality
b. substantial increase in operating costs
c. need for new product designs
d. need for new corporate strategies
b. substantial increase in operating costs
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Which marketing strategy would Krispy Kreme doughnuts be using if it decided to begin selling its doughnuts in Mexico for the first time?
A. positioning B. diversification C. market penetration D. product development E. market development
Expenses represent the costs to purchase goods or services, whereas expenditures represent the costs of goods or services consumed or expired during the period.
Answer the following statement true (T) or false (F)
Choose the incorrect choice regarding the descriptions of the primary functions of inventories. (1). Pipeline inventory: inventories traveling from one location to another (2). Seasonal inventories: inventories accumulated during low sales periods and depleted during high usage periods (3). Safety stocks: inventories used to absorb random demand uncertainties
a. (1) c. (2) and (3) b. (2) d. None of the above
If a company is experiencing increasing pressures for cost reduction for its products, it should consider the following course of action:
a. sell licenses to produce the products internationally. b. explore opportunities for exporting or create a wholly-owned subsidiary within a country. c. establish a joint venture with a foreign company. d. pursue a franchising model for the company.