Which of the following statements does not describe the benefits of a pull strategy?
A. It becomes more efficient than a push approach when demand is uncertain and difficult to forecast.
B. It increases inventory turnover.
C. There exists less likelihood of being overstocked or out of stock because the store orders merchandise as needed on the basis of consumer demand.
D. It is more responsive to changes in customer demand.
E. All of these statements are benefits of a pull strategy.
Answer: E
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Kevin Campbell is an incoming freshman at your college. Kevin is frustrated by the cost of books, tuition, and expenses, and he also needs to purchase a rather expensive laptop. In an effort to save money, Kevin begins a Facebook group finding other college students who need to purchase laptops. Soon, Kevin's Facebook group has close to 100,000 students. Kevin decides to collectively approach different computer companies to see if his group qualifies for a special discount. What business strategy is Kevin using to purchase laptops?
A. Purchasing a substitute product B. Increasing buyer power C. Collecting business intelligence D. Decreasing entry barriers
Which of the following is the symbol for population mean?
A) ยต B) ? C) ? D) ? E) ?
A project risk refers to ______.
A. the potential that the project may not be awarded to a company that is bidding for it B. the potential of any event to adversely affect the feasibility of a project C. the potential for project costs to be significantly less than budgeted D. the potential for project time to be significantly less than scheduled
Use the information in Table 5.1. Using the bottleneck method, which product should be scheduled first?
A) Product A B) Product B C) Product C D) Product D