Taking appropriate action on variances includes all of the following except:
a. Ignoring the cause of favorable variances.
b. Revising the standard because it was set incorrectly.
c. Improving the manufacturing process.
d. Looking for new suppliers.
a
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Match each term with the correct statement below.
a. marketing channel b. selective distribution c. warehouse showrooms d. materials handling e. warehouse clubs f. inventory management g. intensive distribution h. exclusive distribution 1. Convenience goods often use this method of market coverage. 2. Large-scale discount operations that are open to members only. 3. The physical handling of a product during transportation and while it is in the warehouse. 4. A group of interrelated organizations that direct the flow of products to the ultimate consumer. 5. The process of developing and maintaining products that are in demand by customers 6. Shopping goods are often distributed through this method of market coverage. 7. Convenience goods often use this method of market coverage.
In waiting line problems, the interarrival time is assumed to follow a probability distribution known as ______.
a. Poisson distribution b. binomial distribution c. normal distribution d. negative exponential distribution
Thompson Pools installs and maintains swimming pools. They group their customers according to their needs: new installs, regular maintenance, and frequent product consumers. When do they need a new segmentation analysis?
A. Once every 20 years is about average B. They should do them regularly because of the rapidly changing nature of most markets C. They don't need any because consumer markets don't rapidly change and develop like business goods markets D. Every year, using new bases for variety E. Only when the market changes
A ______________ is a number of things that follow each other in succession.In paragraphs they may be examples, reasons, types, or other points.
a. cause/effect b. sequence c. definition d. list