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5. "Sleep time" is a business that requires timber and other raw materials from the primary sector. They add value to it with machinery, technology and labour to produce output. "Sleep time" is a part of what type of market? A. Resource market B. Industrial market C. Consumer market D. Intermediate market 6. A producer currently sells direct to its customers. Which of the following actions will allow the producer to reduce the number of individual orders handled but still maintain overall volume sales? A. Creating a website for online ordering B. Using an intermediary to sell their products C. Installing a new inventory monitoring system D. Contracting a trucking company to deliver products 7. Which of the following is a characteristic of ethnocentric staffing? A. Hiring the best person for the position regardless of location B. Hiring staff from the country of parent company C. Hiring staff from the country of the host D. Global staffing

5. "Sleep time" is a business that requires timber and other raw materials from the primary sector. They add value to it with machinery, technology and labour to produce output. "Sleep time" is a part of what type of market? A. Resource market B. Industrial market C. Consumer market D. Intermediate market 6. A producer currently sells direct to its customers. Which of the following actions will allow the producer to reduce the number of individual orders handled but still maintain overall volume sales? A. Creating a website for online ordering B. Using an intermediary to sell their products C. Installing a new inventory monitoring system D. Contracting a trucking company to deliver products 7. Which of the following is a characteristic of ethnocentric staffing? A. Hiring the best person for the position regardless of location B. Hiring staff from the country of parent company C. Hiring staff from the country of the host D. Global staffing

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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5. "Sleep time" is a business that requires timber and other raw materials from the primary sector. They add value to it with machinery, technology and labour to produce output. "Sleep time" is a part of what type of market? A. Resource market B. Industrial market C. Consumer market D. Intermediate market 6. A producer currently sells direct to its customers. Which of the following actions will allow the producer to reduce the number of individual orders handled but still maintain overall volume sales? A. Creating a website for online ordering B. Using an intermediary to sell their products C. Installing a new inventory monitoring system D. Contracting a trucking company to deliver products 7. Which of the following is a characteristic of ethnocentric staffing? A. Hiring the best person for the position regardless of location B. Hiring staff from the country of parent company C. Hiring staff from the country of the host D. Global staffing
Transcribed Image Text:5. "Sleep time" is a business that requires timber and other raw materials from the primary sector. They add value to it with machinery, technology and labour to produce output. "Sleep time" is a part of what type of market? A. Resource market B. Industrial market C. Consumer market D. Intermediate market 6. A producer currently sells direct to its customers. Which of the following actions will allow the producer to reduce the number of individual orders handled but still maintain overall volume sales? A. Creating a website for online ordering B. Using an intermediary to sell their products C. Installing a new inventory monitoring system D. Contracting a trucking company to deliver products 7. Which of the following is a characteristic of ethnocentric staffing? A. Hiring the best person for the position regardless of location B. Hiring staff from the country of parent company C. Hiring staff from the country of the host D. Global staffing
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