The ______ is a quantitative technique used to determine the location of a single warehouse or distribution center in order to minimize its distribution costs.
a. breakeven analysis
b. factor rating method
c. center-of-gravity method
d. GIS method
c. center-of-gravity method
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Which of the following statements about packaging is true?
A. A package should satisfy not only the needs of final consumers but also those of intermediaries. B. A package doesn't have much promotion impact at retail stores. C. Better packaging almost always increases total distribution cost. D. A good package can aid in the promotion effort, but it's not as effective as advertising. E. All these statements are true.
Which of the following data are needed to calculate total equivalent units under the weighted-average method?
A. Work to complete beginning work in process, units completed, and work done on ending work in process. B. Units completed during the period, work-to-date on ending work in process. C. Work-to-date on ending work in process, units started during the period. D. Units completed, work to complete beginning work in process. E. Work to complete beginning work in process, work-to-date on ending work in process.
Sara Flea Collar Inc. is evaluating an overseas expansion that will cost $1 million and is expected to generate the following cash flows: year 1: -$250,000; year 2: +$450,000; year 3: +$550,000; and year 4: +$800,000. What is the payback period?
A) 3.00 years B) 3.13 years C) 3.31 years D) 3.75 years E) 4.00 years
Capital-constrained entrepreneurs cannot afford to do much prior analysis and research because
A. the affordability of properly conducted research is beyond the means at their disposal. B. the costs of any mistakes are lower than the risks of missing out on opportunistic actions. C. the limited profit potential and high uncertainty of the opportunity they usually pursue may make the benefits low compared to the costs. D. potential competitors could quickly discern the entrepreneurs’ intentions and motives from their research.