The Pareto chart ______.
a. is based on the Alfredo principle
b. states that 20% of quality problems stem from 80% of causes
c. shows bars arranged in decreasing height from left to right
d. shows bars in different colors based on the value they represent
c. shows bars arranged in decreasing height from left to right
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The goal of inventory management is to:
a. minimize inventory levels while maintaining an adequate supply of goods to meet customer demands. b. maintain the highest possible inventory of raw materials and finished goods as buffer stocks. c. act as an alternative to supply chain management in firms. d. create regular customer stockouts so that the demand for products increases.
Marketing managers should insist that any IT systems used be robust from a security standpoint. Which of the following is a likely reason for this requirement?
A. Organizations with highly secure IT systems offer better products and services than others. B. Marketing managers are storing more personal customer data in CRM systems. C. Maintaining robust IT systems usually involves high maintenance costs. D. Customers are willing to pay more for products when organizations have secure IT systems. E. Cybercrime has been on the decline over the last few years.
Chapter 11 is the type of bankruptcy that results in:
A. liquidation. B. reorganization. C. turn-around time. D. extended time payments.
The first step in demand management is ______.
a. demand planning b. demand assessment c. demand forecasting d. none of these