Predatory pricing occurs when a company lowers its prices below cost to drive competitors out of business
a. True
b. False
Indicate whether the statement is true or false
True
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Answer the following statement(s) true (T) or false (F)
1. The consultant’s role generally exists as an outsider to the client’s system. 2. An “expert” consultant should be hired when the subject area is quite broad. 3. Typically, there is a diagnostic set of questions followed by a result and solution in the doctor-patient model. 4. The mechanic model gives the consultant responsibility over virtually every aspect of the problem and the solution, and it permits the client to relinquish both accountability and responsibility for the problem. 5. OD consulting does not differ from the expert, doctor-patient, nor mechanic models.
You would like to use the fixed-time-period inventory model to compute the desired order quantity for a company. You know that vendor lead time is 5 days and the number of days between reviews is 7. Which of the following is the standard deviation of demand over the review and lead time if the standard deviation of daily demand is 8?
A. About 39.9 B. About 32.8 C. About 27.7 D. About 35.8 E. About 45.0