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Question
Lost sales and goodwill are potentially significant costs that may arise from ________.A) too little inventory
B) too much inventory
C) Both A and B
D) poor customer service with inventory
Answer
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Related questions
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Why is it not a good idea to tell investors in your business plan that your exit strategy is simply "to take the business public"?
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B) higher marketing and promotional costs
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Explain replication strategies and harvesting and how they differ.
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Companies that have faced ethical scandals typically did not have ________ in place to ensure that managers did not misuse funds or otherwise behave illegally or unethically.
A) better business regulations
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A) 50 -100
B) 50 - 200
C) 10 - 50
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A) line
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C) flat
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Why is it important for an entrepreneur to pay him/herself regularly in a consistent manner out of the business's earnings?
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A pacesetting style of leadership consists of a leader who sets very high personal performance standards and challenges employees to meet them too.
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No matter the size of a business, the leader sets the ________ for how the organization operates. If the leader is chaotic, chances are the business will be too. If the leader is well organized and efficient, the business may well be too.
A) asset optimization
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If a business owner wants his/her pay to be a variable operating cost, a ________ is most appropriate.
A) bonus
B) wage
C) salary
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The central focus of total quality management (TQM) is continuous improvement.
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________, an American economist, argued that business should focus on making quality products instead of maximizing profits - and that profit would follow.
A) Conrad Hilton
B) W. Edwards Deming
C) Paul Samuelson
D) Adam Smith
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What organization administers the Malcolm Baldrige National Quality Award?
A) United Nations (UN)
B) National Aeronautical and Space Administration (NASA)
C) National Institute of Standards and Technology (NIST)
D) National Merit Award Administration (NMAA)
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________ are three of the eight quality management principles for organizational improvement.
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Engineers from what company developed Six Sigma in the 1980s?
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The visual control approach to inventory management is a scientific method.
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________ are the amounts of inventory or raw materials and work-in-process kept to guarantee service levels.
A) Safety stock levels
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Factors to consider when selecting a ________ include charging a price you are willing to pay and timely delivery.
A) customer
B) supplier
C) sales representative
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A) have invented a product that you intend to market yourself or sell to a manufacturer
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What is used to identify and distinguish the source of a service rather than a product?
A) sales mark
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C) service mark
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B) register your business name
C) protect all your intellectual property
D) protect your business name
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A) arbitration
B) motion
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A good contract will spell out ________, or unforeseeable "acts of God" beyond anyone's control, for which neither party is responsible.
A) contingencies
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________ are the building blocks of business.
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B) Contracts
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