Lot tolerance proportion defective (LTPD) can be defined as the:
A) quality level desired by the consumer.
B) worst quality level the consumer can tolerate.
C) probability of rejecting a good lot (i.e., when a lot is, in fact, acceptable to the consumer).
D) probability of accepting a bad lot (i.e., when a lot is, in fact, not acceptable to the consumer).
B
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To salespeople, zoning is advantageous in:
A. dividing accounts into groups according to their profitability. B. forming creative combinations within routing. C. minimizing travel time between customers. D. scattering sales across a wide geographic area. E. avoiding routine sales call patterns.
The comprehensive, practical approach for demonstrating and documenting the value of present and prospective market offerings is _______
a. customer incentive to purchase b. customer value management c. estimate of value changes d. concept of value in the business markets
If you anticipate that the other party to a contract will breach the contract, you must wait until the breach occurs before taking an alternative course of action or you will have breached the contract
a. True b. False Indicate whether the statement is true or false
When it comes to cutting costs, many foreign companies have chosen to locate production facilities in Mexico to
A. obtain tariff reductions. B. find raw materials. C. follow large client firms that locate abroad. D. find suppliers offering highly specialized products.