In staple merchandise management systems, the ________ is the amount of inventory below which the quantity available shouldn't go or the item will be out of stock before the next order arrives.
A. order point
B. base stock
C. perpetual inventory
D. average inventory
E. service level
Answer: A
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________ is a well-known system based on psychological traits that correlate with consumer behavior. It divides the entire U.S. population into segments and then sells pieces of this information to clients for specific strategic applications
A) VALS™ B) Decitica C) AIO D) PRIZM E) NAICS
When Christy developed her marketing plan for her new store, she kept in mind that conditions can change, so her plan would also change. This demonstrates the importance of staying strategic, but also staying on top of the tactical, in the tips for a successful marketing planning experience.
Answer the following statement true (T) or false (F)
If the law changes such that the actions called for in an agency arrangement become illegal after
the agency has been carried on legally for some period of time, what is the consequence? A) The agency is not terminated, but the principal and agent will each become liable for his or her own illegal actions. B) The agency is not terminated, but the principal and agent will each become liable for the illegal actions of the other. C) The agency is terminated effective upon the change in law taking effect. D) The agency is terminated retroactively and the parties must each return any consideration received from the other. E) The agency is terminated retroactively and the parties are left where they are.
The U.S. Constitution does not specifically provide for administrative agencies
a. True b. False Indicate whether the statement is true or false