Provide an example of the postponement strategy for improving service productivity
What will be an ideal response?
The postponement strategy refers to customizing the product at delivery, not at production. Examples will vary, but a home builder might leave some tasks unfinished until the house is sold, so that the buyer can make those final decisions. Carpeting, paint colors, cabinet doors, and some appliance choices might be good examples. Another example would be cars or vans.
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On July 1, Shady Creek Resort borrowed $390,000 cash by signing a 10-year, 10.5% installment note requiring equal payments each June 30 of $64,840. What amount of interest expense will be included in the first annual payment?
A. $40,950 B. $39,000 C. $23,890 D. $64,840 E. $366,110
What is personal selling? What are the advantages and disadvantages of a firm using personal selling to promote a product or service?
What will be an ideal response?
The promotion form that most stresses increasing short-run sales volume and emphasizes novelty is _____
a. sales promotion b. public relations c. personal selling d. advertising
______ steps can be used to implement the theory of constraints, beginning with the bottleneck operation.
A. Two B. Three C. Four D. Five