In the basic EOQ model, if the cost of placing an order doubles, and all other values remain constant, the EOQ will:
A) increase by about 41%.
B) increase by 100%.
C) increase by 200%.
D) increase, but more data is needed to say by how much.
E) either increase or decrease.
A
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Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.
Answer the following statement true (T) or false (F)
An example of a recurring short-term plan is
a. a probable product line change. b. expansion of plant and facilities. c. a unit sales forecast. d. a change in marketing strategies.
A consumer's purchases are often influenced by the views, opinions, or behaviors of others. Two aspects of personal influence that are important to marketing are ________ and word-of-mouth activity.
A. peer pressure B. opinion leadership C. psychographics D. government regulation E. parental guidance
In most states, if a bailor refuses to pay the bailee the agreed-upon compensation, the ________
A) title to the bailed item passes to the bailee B) bailed item will be sold after a hearing, and the proceeds left after compensating the bailee and covering the costs of the sale will be given to the bailor C) bailee must return the bailed property and then sue the bailor for damages D) bailed item will be sold after a hearing and the proceeds will be divided between the bailee and the court, with no portion of the proceeds going to the bailor