Compliance reports are generally required by
A) parent companies.
B) accounting departments.
C) government agencies.
D) marketing departments.
E) midlevel managers.
Answer: C
Explanation: C) All businesses are required to demonstrate that they are in compliance with regulations and rules for their particular form of business. Since the government writes and administers the laws that businesses are required to follow, compliance reports are submitted to the government for examination.
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Which of the following is not true of staple merchandise categories?
A. They consist of items that are in continuous demand over an extended time period. B. The demand for these categories is predictable. C. Because their sales are relatively steady from day-to-day, a periodic inventory system is used. D. The number of new product introductions in these categories is limited. E. Merchandise planning systems for these categories focus on continuous replenishment.
Products should be designed to ensure ______.
A. long time between failures B. long time to repair C. long downtimes D. long develop times
Achieving successful make-to-order product designs requires that companies use technologies such as ______.
A. computer-aided design (CAD) B. process mapping C. Pareto analysis D. interchangeable parts
Distinguish between primary demand and selective demand by giving an example of each.
What will be an ideal response?