After installing an electronic data interchange, Carmella's gift shop was able to reduce ________, the amount of time between the recognition that an order needs to be placed and the arrival of the needed merchandise.
A. lead time
B. the advance notice
C. quick time
D. float time
E. supply chain conflict time
Answer: A
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Deductibles serve three major purposes, and two of those are:
A) reduce moral hazards; save on claims handling expenses B) reveal moral hazards; eliminate morale hazards C) reduce morale hazards; save on claims handling expenses D) reveal morale hazards, eliminate moral hazards
When a product name becomes generic:
A. the firm must use black-and-white packaging B. competitors are prohibited by law from using the trademark C. the price will have to drop to appeal to lower-income consumers D. the product name is no longer recognized as the exclusive property of one firm E. a firm can reapply for exclusive trademark protection at the U.S. Patent Office
Transcone is an independent distributer that distributes home décor related products to various retailers. The company takes legal possession of the goods it distributes. It warehouses the products and ships them to the retailers, but it does not provide credit or marketing assistance. It is evident that Transcone is a(n) _____.
A. full-service merchant wholesaler B. agent C. broker D. limited-service merchant wholesaler
To people unfamiliar with statistics, “correlation” most likely is used a synonym for…
a. linear relationship b. relationship c. curvilinear relationship d. none of the above