The supply chain profit is higher if each stage of the supply chain independently makes its pricing decisions with the objective of maximizing its own profit

Indicate whether the statement is true or false.


Answer: FALSE

Business

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John sells safety equipment to law enforcement agencies. Before calling on the Humphrey Sheriff's Department, John decided that he wanted to get an order for eight new bulletproof vests from the sheriff before he left the office. In terms of the acronym SMART, John's objective:

A. is relevant. B. puts customer service first. C. maximizes the customer's order. D. is very specific. E. is related to the present and future needs of the customer.

Business

Tuan is president and sole shareholder of Entertainment, Inc Entertainment, Inc wishes to borrow money, but to do so, the bank requires Tuan to orally agree to personally pay the debt of the corporation if Entertainment, Inc cannot. Tuan's guarantee to repay is

a. enforceable under the parol evidence rule. b. unenforceable because there is no insurable interest. c. enforceable because of the leading object rule. d. unenforceable because it is a collateral promise.

Business

Which of the following inventory costing methods is based on the actual cost of each particular unit of inventory?

A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out

Business

The preapproach is the first step in the personal selling process.

Answer the following statement true (T) or false (F)

Business