Which of the following statements with regard to the economic production quantity (EPQ) model is FALSE?
a. It was developed in 1918.
b. The EOQ model is based on the EPQ model.
c. It assumes that the company will produce the items.
d. It assumes that lead time is known and is constant.
b. The EOQ model is based on the EPQ model.
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Computer Works is a computer accessories manufacturer based in Brazil. All customers in South America pay the same freight charge, $20, when they order products from the company. All customers in North America pay a freight charge of $50
The company's pricing strategy is referred to as ________ pricing. A) basing-point B) FOB-origin C) freight-absorption D) zone E) uniform-delivered
Dillion is being trained at his new job, but is having trouble communicating with his trainer, Amber. As a result, Amber feels that Dillon is negative and not willing to work. Even when talking with him, she still feels he is insincere because she has preconceived notions from his past behavior. In this scenario, Amber's ________ does not allow her to interpret Dillon's statements correctly.
A. self-esteem B. motivation C. self-efficacy D. perception E. locus of control
The most common method for shortening activity durations involves the decision to:
A) Eliminate bureaucracy. B) Alter the technology used in the activity. C) Assign more senior personnel to the activity. D) Increase project resources.
Blake is trying to come up with a pricing strategy for his store. He greatly admires Walmart and is considering adopting an everyday low price strategy. However, he is concerned because he believes that consumers might then view his products as being of low quality. At what stage of the process is Blake currently at as he is trying to establish prices?
A. Step 1: Development of pricing objectives B. Step 2: Assessment of the target market's evaluation of price C. Step 3: Assessment of competitor's prices D. Step 4: Selection of a basis for pricing E. Step 5: Determination of a specific price