Facilitators must be knowledgeable about decision-making and problem-solving tools.
Answer the following statement true (T) or false (F)
True
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In recent times, trade has replaced capital movements as the driving force of the world economy
Indicate whether the statement is true or false
Wal-Mart's Retail Link database is one of the world's largest databases and allows many of their suppliers to view real-time sales data of their products for each store. This allows suppliers to assess the demand for their products and to optimize their own level of inventory and related logistics costs. How is this cost savings ultimately passed on to Wal-Mart and its customers?
What will be an ideal response?
Smith's Electronics originally priced a private-label portable DVD player at $90, and then sold 1,500 units per week. After raising the price to $100, sales dropped to 1,000 units per week. First, determine the price elasticity, and then determine the profit-maximizing price if the private-label portable DVD player costs $50.
A. $70 B. $85.70 C. $70.25 D. $75 E. $90
Organized and large-scale production of consumer goods began______.
a. during the Industrial Revolution b. around 300 BCE c. only in the early 20th century d. after World War II