_____ is a method of developing and maintaining an adequate assortment of materials or products to meet a manufacturer's or a customer's needs.
A. The materials-handling system
B. An inventory control system
C. Direct sourcing
D. Contract logistics
E. Warehousing
Answer: B
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The ideal inflation rate is also referred to as the
A. steady state inflation rate. B. NAIRU. C. inflation target. D. minimal inflation rate.
A retail store prices its goods to achieve a gross margin of 30 percent. Up to the date of a fire that destroyed the store's inventory, sales were $200,000 and cost of goods available for sale was $150,000 . The estimated cost of the inventory destroyed is
a. $10,000. b. $35,000. c. $60,000. d. $50,000.
Which question is not associated with the competition when conducting product screening?
a. Who is the competition? b. What is the break-even point? c. Can we sustain a competitive advantage? d. How will we compete?
__________ represent the interests of union members in their relations with their immediate supervisor and other members of management.
A. Union leaders B. Business representatives C. Union stewards D. Mediators