Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- Indicate how services differ from goods. (Note that for this question, the words generally and often have been used in the choices below to acknowledge the fact that none of the statements is true under all circumstances). A. Services are generally intangible. B. Delivery and consumption of services often occur simultaneously. C. Service outputs often cannot be inventoried. D. All of the above.arrow_forwardImagine that you are the chief operations officer (COO) of Amazon.com. You are interested in creating a competitive advantage for your company (compared to other online retailers) in that you wish to be able to provide to your customers faster shipping than you have been able to provide with your existing set of warehouses and fulfillment centers. It has been decided that using overnight shipping on every order (which would, of course, be about as quick as shipping could be) has been eliminated as a possibility due to being prohibitively expensive. Describe what you would recommend as the COO to improve the speed with which Amazon.com customers receive the products that they have ordered. What negative consequences or disadvantages, if any, do you see as a result of your proposed solution?arrow_forward12 Which of the following is NOT an assumption of the economic order quantity model shown below? Select one: a. Demand is known, constant, and independent. b. Lead time is known and constant. c. Production and use can occur simultaneously. d. The only variable costs are setup cost and holding (or carrying) cost. e. Quantity discounts are not possible.arrow_forward
- Company XYZ is strictly a service company and does not carry any inventory on its balance sheet. Based on this, which of the ratios below will be of no interest to a financial analyst? Quick Ratio Current Ratio Debt to Equity Ratio Cash Coverage Ratioarrow_forwardBatman runs a produce stand in an inner-city neighborhood. With the recent layoff in he community, he has become popular because he gives fresh produce to the loc charity. What happens as a result of his generosity? O He gets to write off transportation costs. O He experiences strong public relations benefits. O He has to allocate separate space for his clearance merchandise. O He can recover a small percentage of the loss by increasing prices on his next shipment. O The keystone donation can be deducted from his income. Sarrow_forwardPersonal sewing, in general, is used more with complex, expensive, and risky goods and in markets with fewer sellers. true or falsearrow_forward
- Which of the following problems are not among those hidden when inventory levels are excessively high? A) Inadequate worker motivation B) Engineering design redundancies C) Scrap D) Productive equipment downtime E) Paperwork backlogsarrow_forward61) Which is NOT a condition necessary for the successful application of RM to a service business: A. Low fixed and high variable costs B. Perishable inventory C. Relatively fixed capacity D. Segmentable marketsarrow_forward
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