It makes sense for a firm to produce where it can produce most economically-if the cost of transporting and storing products to match demand doesn't offset the production savings.
Answer the following statement true (T) or false (F)
True
It may make sense for a firm to produce where it can produce most economically, if the cost of transporting and storing products to match demand doesn't offset the savings. On the other hand, production in areas distant from customers can make the distribution job much more complicated.
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Which of the following should be included in the body of a request for a recommendation?
A) The full name and address of the person to whom the letter should be sent B) A deadline for recommendation C) An offer to pay for the service rendered D) A sincere apology for the trouble caused E) An expression of appreciation
If something is seriously wrong, the law will prohibit it. Consequently, it's enough to rely on the law for deciding what's right or wrong.
Answer the following statement true (T) or false (F)
In _______, based upon knowledge of their own costs, supplier managers add some percentage onto those costs to arrive at the market offering price
a. cost-plus pricing b. competition-based pricing c. value-based pricing d. skimming pricing
Which of the following ratios would be most meaningful to a bank?
a. Loan turnover b. Cash to capital c. Inventory turnover d. Equity capital to total assets