All of the following would be an operations information need except:
A. labor skills.
B. raw materials.
C. break even numbers.
D. equipment.
Answer: C
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After data is entered into the system, it is processed. Processing control exists to make sure that the correct things happen during processing. Discuss processing controls
Whether buyer-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of
A. how many buyers purchase all of their requirements from a single seller versus how many purchase from several sellers. B. whether industry members are spending more or less on advertising. C. the extent to which buyers can exercise enough bargaining power to influence the conditions of sale in their favor and whether strategic partnerships between certain industry members can adversely affect other industry members. D. the speed with which general economic conditions and interest rates are changing. E. the number of buyers versus the number of sellers.
Professions such as medicine and journalism have:
a. written codes of ethics that apply to the work they do. b. unwritten codes of conduct that apply to the work they do. c. policies against respecting individual property rights. d. None of the answers are correct.
Karen’s company manufactures high-end design cookware. Karen will be selling her product at a chain grocery story during the month of December and will be paying for a center aisle display near the front entry of the store. This is an example of which of the marketing mix?
a. distribution b. promotion c. product d. place