What is a disadvantage common to the following two strategies: 1. varying inventory levels and 2. back ordering during periods of high demand?

What will be an ideal response?


Shortages or backorders may result in lost sales, i.e., customers may go elsewhere.

Business

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Trust induces cooperative behavior and enhances the sharing of information in a negotiation.

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

Business

Buy It Now leases a snow blower for one year from Blow It Out Your Ear to clear the parking lot next to its retail outlet. The lease says the snow blower is leased "as is". After one week the snow blower breaks down completely

Buy It Now demands that Blow It Out Your Ear pay for the repair, but it points to the "as is" clause. Which of the following, if any, apply to this transaction? A) The Sale of Goods Act. B) The Consumer Protection Act (or equivalent) C) The Occupier's Liability Act D) The Hazardous Products Act E) None of the above

Business

For a standard normal distribution, the probability of obtaining a z value between -2.4 to -2.0 is

a. 0.4000 b. 0.0146 c. 0.0400 d. 0.5000

Business

Terminal-digit filing divides numbers into groups of digits that point to the location of records

Indicate whether the statement is true or false.

Business