A business that purchases a product from another business to sell to customers is called a
a. service business; b. merchandising business;
c. manufacturing business; d. nonprofit business; e. warehousing business.
B
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When managers add up all the money already spent on a project and conclude it is too costly to simply abandon it, it is known as a(n) ________ bias.
A. anchoring and adjustment B. confirmation C. availability D. representativeness E. sunk cost
To have "power ________" another person means the party with power can induce another to do something they otherwise would not do.
Fill in the blank(s) with the appropriate word(s).
Paced lines require that inventory storage areas be placed between stations
Indicate whether the statement is true or false
Wendy has purchased several furnishing items from a home decor store. She pays for the entire purchase through her credit card. Wendy has 21 days to pay back the amount to the issuer of the credit card. In the context of credit cards, the number of days Wendy is given to pay back the balance is called the _____.
A. grace period B. face value period C. vesting period D. tie-up period