Which of the following forces is commonly reduced through the use of switching costs?
A. Buyer power.
B. Supplier power.
C. Threat of substitute products or services.
D. Rivalry among existing competitors.
C. Threat of substitute products or services.
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Which theorist developed the four-component model of ethical behavior?
A. Lawrence Kohlberg B. James Rest C. Patricia Werhane D. Rushworth Kidder
Ethics is
A. the minimum acceptable standard in business practice. B. not synonymous with law. C. universal and cannot differ between cultures. D. impossible to codify into law.
What is their annual ordering cost if they order at their EOQ level?
Kushie's Coffee in Bangalore is a quaint establishment nestled near MG Road in the central business district. It serves coffee and fruit cake to a clientele that has been enjoying these products for over fifty years. The demand for coffee beans is 6600 cases per year (each case has 24 ten-pound bags). It would be disastrous for them to run out of coffee, so they keep a safety stock of 30 cases. The cases cost $4800 and it costs $5 per case to order coffee. As coffee is a perishable product, the holding cost is fairly high at $40/case/year. The lead time to receive an order is seven days. Kushie's is open 300 days a year. A) 101.6 B) 203.1 C) 406.2 D) 812.4
The hotelkeeper owes a duty as a bailee of personal property in a(n) _______ to ________
A) bailment for the benefit of the bailor, transient guests. B) mutual benefit bailment, transient guests. C) bailment for the benefit of the bailor, permanent boarders. D) mutual benefit bailment, permanent boarders.