Which of the following statements is true with regard to capacity planning over different time horizons?
a. Capacity planning for the long term is called capacity requirements planning.
b. Capacity decisions in the long term are referred to as capacity control.
c. Capacity planning for the medium-time range is called capacity requirements planning.
d. Capacity planning for the short term is called capacity requirements planning.
c. Capacity planning for the medium-time range is called capacity requirements planning.
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Answer the following statement(s) true (T) or false (F)
1. A dry cleaning business is classified as profit and low contact service. 2. Cheerios, Wheaties, and Total cereals (all offered by the same company) are considered a product mix. 3. Marketers refer to product mixes as narrow or wide, depending upon how many product lines are carried. 4. The first step in the new-product development process is the business analysis step, in which the firm estimates the market potential of the new product. 5. The majority of new products entering the marketplace are successful.
Ford Motor Co. asks members of its target market to rate its cars and those of General Motors and Chrysler on a 7-point scale in terms of two dimensions (comfortable seats and engine power) so that it can establish a quadrant-grid map of these ratings. What type of analysis is Ford conducting?
A. positioning B. qualifying C. combining D. dimensional E. insight management
The job description should provide clear guidelines concerning (1) who should be selected, (2) how they are trained, (3) how well they are performing, and (4) how they should be paid.
Answer the following statement true (T) or false (F)
A firm has a net income (after-tax profit) of $500,000 and pays dividends of $150,000. Which of the following statements is TRUE?
A) Cash decreased by $150,000 B) Retained earnings increased by $350,000 C) Long-term debt increased by $350,000 D) All of the statements are true.