In Hau Lee's uncertainty framework to classify supply chains, which supply chain process should be used for innovative products with low supply uncertainty?

Fill in the blank(s) with the appropriate word(s).


responsive

See Exhibit 16.4.

Business

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Purchases of existing businesses may occur through ________ in which the business is bought over a period of time with money obtained from the business.

A. leveraged buyouts B. earn-outs C. green field investments D. blue ocean strategies

Business

Identify the area that is normally used for a sales presentation.

A. Personal space B. Communal space C. Intimate space D. Public space E. Social space

Business

Wally owns 200 acres of land. Wally offers to sell the land to Robert for $1,500 per acre. Robert replies that he does not need 200 acres of land but would like to buy 40 acres at $1,500 per acre. Wally agrees to sell but does not identify which 40 acres. Later, Wally refuses to sell any land to Robert. What is the result?

a. Robert wins; this is an enforceable contract with complete and definite terms. b. Robert wins; the UCC will decide which 40 acres are to be sold. c. Wally wins; the original offer was not intended to be an offer but merely an invitation to negotiate. d. Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.

Business

Max buys shares of newly issued Z Corp stock for $30 per share and pays $1,000 cash, a car worth $2,000, and a promissory note for $3,000 . Under the Revised Act, how many shares of stock could validly be sold?

a. 100 b. 33 c. 200 d. 133

Business