Laurie knows little about cooking and does not want to spend the time to learn how to make a quiche. However, she has been asked to bring a quiche to an office retirement party. Not wanting to make a poor choice, she is likely to:
A. intuitively make the right choice
B. avoid making a decision by not attending the party
C. buy the most expensive pre-made quiche (perhaps paying too much), guessing that the price is related to quality
D. research the product and buy the least expensive frozen quiche she can find
E. buy the least expensive frozen quiche because most consumers feel that price is not directly related to quality
Answer: C
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Integrative mechanisms that aid group problem solving, information sharing, and cooperation across business functions are all necessary for
A. computer-integrated manufacturing. B. time-based competition. C. total quality management. D. customer relationship management. E. high-involvement organizations.
Consider Figure 6.1. Suppose the European government provides Airbus a subsidy of $4 million on each aircraft manufactured and that the subsidy convinces Boeing to exit the Canadian market. As the monopoly seller, Airbus maximizes profit by selling ______________ aircraft at a price of $______________, and realizes profits totaling $______________.
a. 6, $10 million, $36 million b. 6, $12 million, $24 million c. 12, $10 million, $36 million d. 12, $12 million, $24 million
Overproduction______.
A. contributes to unnecessary inventory B. contributes to shorter lead times C. is an example of eagerness to serve the market D. supports the idea of sustainability
Costs such as transportation-out, sales commissions, uncollectible accounts receivable, and advertising costs are sometimes called:
A. upstream costs. B. direct costs. C. indirect costs. D. downstream costs.