If the maker of a note refuses or is unable to pay or renew it at maturity, the note is said to be dishonored
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is the most logical reason that many organizations rely heavily on personal selling?
A) to make more efficient use of the promotional mix B) to quickly move a product to the maturity stage of the product life cycle C) to create consistent marketing communications D) to more effectively sell highly technical or very expensive products E) to decrease promotional expenditures
When a flexible manufacturing system (FMS) is used, response time to needs of the market is slower than under a traditional manufacturing system
Indicate whether the statement is true or false
Safety stock levels for a periodic review model tend to be _________ when compared to a reorder point model.
a. Lower b. Higher c. Neither lower nor higher d. It is impossible to determine safety stock levels for a periodic review model
A company that sets its goals and strategies based on what its current equipment can produce, what products engineering can design, and what the company itself can do best, has a(n) _____ orientation.
A. marketplace B. sales C. market D. exchange E. production