Sales are normally considered to have been earned when

Q: The repeated observations of demand for a product or service in the order of occurrence form a…

A: Step 1:  The above statement is correct. A time series is essentially a sequence of data points…

Q: FOB retailer means: -the vendor pays the transportation charges to the retailers store or warehouse…

A: In international trade, the term "FOB" ( means "Free on Board") is frequently used to refer to the…

Q: Generally speaking, using market experiments and pilot testing, when possible, is good way for firms…

A: Pricing refers to the strategic process of setting a monetary value on a product or service offered…

Q: What is the purpose of creating a process exception?

A: Process exception- Managing exceptions that arise in active processes is known as process exception…

Q: Why should a purchaser avoid ordering more products than necessary

A: The purchaser should order the optimal number of orders that could reduce the total inventory costs,…

Q: how an effective purchasing department can affect the organizational performance of a large…

A: The performance of an organization is dependent upon the actual output of an organization. The…

Q: Prices are established by the: Finance Department Marketing Department Production Department…

A: In a typical organization, each department has its own specific role. The Finance Department is…

Q: In should-cost modeling, are any components not under the direct control of the buying or supplying…

A: Should-cost modeling is a comprehensive approach used in procurement and supply chain management to…

Q: Checks its inventory at the end of the month and finds a shortage of merchandise. If there has been…

A: Although the terms, larceny, burglary, extortion and mysterious disappearances are often used…

Q: Eastman Kodak Co. (Kodak) manufactures and sells photocopiers and micrographic equipment. In…

A: Eastman Kodak Co. (Kodak), a company known for producing photocopiers and micrographic equipment,…

Q: Product and Service Design and Manufacturing Standardization in inventory planning

A: Product Design: Product design is the deciding of the characteristics and features of the company's…

Q: Sellers may price the product at any level they wish, provided they do not discriminate among…

A: A pricing strategy known as "price discrimination" involves charging different prices to different…

Q: Put the following steps of the purchasing process in the correct order. Label # 1 being the first…

A: The consumer purchase decision process refers to the process through which a consumer goes when he…

Q: At what point in the Fulfillment Process does your customer account display a balance?     Sales…

A: Order Fulfillment Process is referred as fulfilling the requirement of customer through several…

Q: How can a  purchasing department influence the financial performance of a large manufacturer or a…

A: For any capacity to be effective, it should build up clear and quantifiable destinations, and work…

Q: Wanderlust Tours is considering a B2B partnership with Green Ocean Cruises. Before Wanderlust Tours…

A: the differences between a B2B (Business to Business) and B2C (Business to Consumer) partnership. It…

Q: salvage value

A: What is Salvage Value ? Salvage value is the assessed book estimation of a resource after…