Which type of supply chain strategy is demonstrated by the following sequence: (Step 1) forecast sales, (Step 2) plan production, (Step 3) order materials, (Step 4) customer orders, (Step 5) make product, and (Step 6) ship product?
A. push strategy
B. a push-pull strategy
C. demand strategy
D. pull strategy
E. supply strategy
Answer: B
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What is the main reason that a business suffers several economic consequences when a dissatisfied customer leaves?
A) The cost of attracting a new customer is greater than retaining a current customer. B) The business's competitors enjoy a greater customer loyalty toward the same type of products. C) The amount of money spent on developing the product for the dissatisfied customer cannot be reimbursed. D) The business has to pay a large compensation fee to the customer. E) The future costs for the development of a similar product increases abruptly.
Collision Corporation Data for Collision Corporation for the year ended December 31, 2012, are presented below. Credit Sales $2,000,000 Sales returns and allowances 40,000 Accounts receivable (December 31, 2012 ) 610,000 Allowance for bad debts (Before adjustment at December 31, 2012 ) 15,000 Estimated amount of uncollected accounts based on aging analysis 55,000 Refer to the information provided
for Collision Corporation. If Collision estimates its bad debts at 2% of net credit sales, what amount will be reported as bad debt expense for 2012? A) $40,000 B) $39,200 C) $24,200 D) $25,000
Through joint ventures, firms can directly acquire the assets and competencies of other firms.
Answer the following statement true (T) or false (F)
Anyone who presents a check for payment makes certain warranties. Which of the following is NOT one of those warranties?
A)that he or she is a holder B)that the check has not been altered C)that the drawee is a solvent institution D)that all signatures are authentic