Janet likes to take the time to think carefully about a problem by breaking it into pieces. This way she can look at it in a more general way. This, she finds, helps her generate ideas about how certain products and services can be improved or made more innovative. Which of the following terms apply to Janet?
a. active search
b. alertness
c. analytical strategies
d. building approach
c. analytical strategies
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Which of the following contracts is an example of future goods?
A) an option contract for a real estate property B) a contract to buy a car off a dealer's lot C) a preordered video game D) a contract to sell a newborn animal
Which of the following is NOT true for mass-merchandisers?
A. They usually operate with low margins on individual items. B. They are to be small. C. They are now the primary place to shop for many frequently purchased consumer products. D. They are concerned with maintaining high inventory turnover. E. They generally run a self-service operation.
Normally to compute break even, the manufacturing firm will use ________ and the retail firm
will use ________. A) sales dollars; sales dollars B) discrete units; sales dollars C) sales dollars; discrete units D) discrete units; discrete units
________ is a specialized technique to eliminate the risk of nonpayment by importers in instances where the importing firm and/or its government is perceived by the exporter to be too risky for open account credit
A) Forfeiting B) Marketable Bank Shares C) Forfaiting D) Banker's Acceptances