What are the differences between a push and a pull strategy?
What will be an ideal response?
A push strategy involves a company using sales forecasts to produce products, putting those products in inventory, and then waiting for orders from the customers. Also referred to as the speculation strategy, an advantage of the push strategy is that a company can achieve economies of scale by producing large batches. In a pull strategy, manufacturing (production) and distribution are based on customer orders. Customer orders drive manufacturing and distribution operation. This strategy is characterized by flexibility and customizing products to meet customer demands, but is more costly. A pull strategy is also known as a responsive strategy.
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When responding to a RFP, what type of information should be included?
A) How you will meet the needs of the firm making the request B) How long it will take you to accomplish the request C) Who made the request D) The long-term goal of the request E) How the recipient will benefit from the RFP
Which of the following is a micro-blogging social network site that allows users to send and receive 280-character messages, as well as news articles, photos, and videos?
A. Facebook B. Twitter C. Pinterest D. Instagram
On December 31 . 2014, Artistown Company appropriately changed to the FIFO cost method from the weighted-average cost method for financial statement and income tax purposes. The change will result in a $700,000 increase in the beginning inventory at January 1 . 2014 . Assuming a 40 percent income tax rate and that no comparative financial statements for prior years are reported, the cumulative
effect of this accounting change reported for the year ended December 31 . 2014, is a. $700,000. b. $350,000. c. $420,000. d. $280,000.
Caroline is writing a business letter to a German client. What should she do as she prepares the letter?
A) Use jargon to introduce the client to U.S. culture. B) Use longer sentences and paragraphs to make her letter look more formal. C) Use words that have several meanings. D) Observe the receiver's title and rank.