A warehousing approach whereby large shipments come in and are broken down into smaller shipments to several locations is known as ________.
Fill in the blank(s) with the appropriate word(s).
Answer: cross docking
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When Coca-Cola determines the bottled-water competitors for its Dasani brand by identifying the products or sets of products with which a brand competes and which function as close substitutes, it is determining Dasani's ________
A) customer-focused value proposition B) points-of-parity C) points-of-difference D) category membership E) brand mantra
As Adam Smith put it so eloquently in the Wealth of Nations, "If a foreign country can supply us with a commodity cheaper than we ourselves can make it,
A) ...it is only right that we should learn their method of production, so that we too can master the commodity..." B) ...then we would be well-served to include them in our supply chain..." C) ...better buy it from them with some part of our own industry..." D) ...we should barter with them or take it by force if they prove to be unreasonable..."
What lot-sizing technique is generally preferred when inventory holding costs are extremely high?
A) lot-for-lot B) EOQ C) POQ D) the Wagner-Whitin algorithm E) All of the above are appropriate for the situation.
In the context of setting incentives for lower-level employees, identify a true statement about performance standards.
A. They are determined independently for each employee. B. They make it easier for supervisors to assign work to employees equitably. C. They are easy to specify and broadly similar at all levels of an organization's hierarchy. D. They can only be applied to jobs with long cycles.