Which of the following is not a cost of electronic data interchange (EDI)?
A. buying or leasing of hardware and software
B. training employees
C. responsiveness to customers' needs
D. reengineering applications
Answer: C
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A partnership requires only an agreement between two or more persons to organize
a. True b. False Indicate whether the statement is true or false
HomeVenture Inc manufactures and sells a line of furniture under the brand name Elegant Lines. The firm has a 3 percent share of the U.S. furniture market, and competes with industry giants who have large economies of scale and marketing resources
However, Elegant Lines holds 65 percent of the overlooked "customized art furniture" segment, specializing in very expensive custom-designed, furniture. Each of the Elegant Lines furniture pieces is a unique piece of art. What type of market segmentation strategy is HomeVenture Inc pursuing? A) a mass-segment strategy B) a niche-segment strategy C) a large-segment strategy D) a market-development strategy E) a mass-market strategy
If a buyer becomes concerned that the seller may not be able to perform required contract obligations, the buyer:
A. will be excused from fair trade under the test of commercial impracticability. B. can demand assurance from the seller that the contract will be performed. C. will be excused from performance under the test of impossibility. D. can legally cancel the contract without telling the seller.
A high-level view of thoughts and ideas displayed in sequence through drawings, sketches, or illustrations is called a ______.
a. process flow b. highview c. storyboard d. pictogram