Which of the following statements about buying by intermediaries is true?
A. Computer-controlled inventory systems make buyers more dependent on sales reps.
B. Wholesalers and retailers typically only carry products that they have judged "socially desirable."
C. Buying committees are a way for retail chains to handle the flood of new products.
D. Buyers are seldom influenced by their salespeople.
E. None of these answers is correct.
Answer: C
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Written promises to pay specific amounts at a definite future date are said to be
a. on credit; b. on account; c. charge sales; d. promissory notes; e. contingent liability.
Data will be kept in a database and used for easy retrieval of accounting information
Indicate whether the statement is true or false
The theory of constraints can
a. Identify what limitations exist with raw material suppliers. b. Follows a methodology similar to linear programming. c. Show where bottlenecks exist and sets the limit of output to these bottlenecks. d. Be ignored since it assumes too many estimates in the production cycle.
The importance of operations strategies was stimulated by ______.
a. loss of market share due to global competition b. operations personnel making significant contributions to corporate strategy c. the adoption of operations strategies worldwide d. less emphasis being placed on marketing and finance functions