Which of the following might motivate keeping a high level of inventory
A: decreasing variability in demand
B: high risk of product obsolescence
C: item cost that does not change depending on order quantity
D: a complex setup process when switching between production of two different products
A: decreasing variability in demand
B: high risk of product obsolescence
C: item cost that does not change depending on order quantity
D: a complex setup process when switching between production of two different products
举一反三
- Which of the following firms is likely to have a high level of resource flexibility A: A firm that uses a line process B: A firm that produces only one product C: A firm whose products have stable demand D: A firm that frequently introduces new products
- Which of the following organisations might benefit from a period of high price inflation? A: An organisation which has a large number of long-term payables B: An exporter of goods to a country with relatively high inflation C: A large retailer with a high level of inventory on display and low rate of inventory turnover D: An organisation which has a large number of long-term receivables
- Which of the following statements are correct？（ ） A: Price cannot be flexible in the short term. B: An organisation may adjust its prices at various times of the year to stimulate demand and generate cash flow. C: The unit cost of production of a product may decrease as production quantity of it increases. D: A product's price may be set low initially in order to penetrate a market.
- When products are completed, A: Finished Goods Inventory is credited. B: Work in Process Inventory is credited. C: Cost of Goods Sold is debited. D: Work in Process Inventory is debited.
- Prestige pricing strategy does work when the item has a high quality or luxury item that can justify the high price.