Answer the following statements true (T) or false (F)
1) Logistics provides place and form utility.
2) Trading speed of delivery with saving fuel is known as a cost-to-service trade-off.
3) Trading the cost of improving service with service levels is known as a cost-to-cost trade-off.
4) The threshold service level is the maximum level of service beyond which customer satisfaction starts decreasing.
5) If transportation prices continue to rise and if inventory costs continue to fall, holding the minimal inventories prescribed by lean manufacturing may become more expensive.
1) FALSE
2) FALSE
3) FALSE
4) FALSE
5) TRUE
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Describe ethnocentrism and the dangers of being an ethnocentric manager when working overseas, and discuss what other approach may be superior.
What will be an ideal response?
When dividends from an investment are recognized as a reduction of the investment account, the investment must have been of which type?
a. Minority, Passive Investment b. Majority, Passive Investment c. Majority, Active Investment d. Minority, Active Investment
The ________ method of computing uncollectible accounts uses income statement relationships to estimate bad debts and is based on the idea that a given percent of a company's credit sales for a period are uncollectible.
What will be an ideal response?
Materials are transformed into semi finished and finished products-the organization's own production processes.
Answer the following statement true (T) or false (F)