Some leading-edge companies are applying the prosumer concept. Here, firms team up with their suppliers and alliance partners to satisfy their customer needs.
Answer the following statement true (T) or false (F)
False
In the future, we will be talking more and more about the prosumer, a customer/producer who is even more extensively integrated into the value chain. As a consequence, production processes will be customized more precisely and individually. Including customers in the actual production process can create greater satisfaction among them, result in significant cost savings, and generate innovative ideas for the firm.
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Reporting unusual items separately on the income statement allows investors to isolate the effects of these items on income and cash flows
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
If a loss is expected on subsequent disposal of a business segment, the estimated loss is recognized in the financial statements as of the measurement date.
In a _____________ organizational structure, such as McDonald’s or Burger King, senior management makes all the major decisions, whereas in a ____________ organization like UK department stores John Lewis and Debenhams, employees at lower levels are given the power to make decisions and solve problems without seeking approval from senior management.
What will be an ideal response?
The book Quality Is Free was authored by which quality expert?
a. Deming b. Crosby c. Juran d. Ishikawa