What unusual item did the CNN reporter say was exported from China more than anywhere else in the world?

A. walking canes
B. umbrellas
C. bicycle pumps
D. playing cards

Answer: B. umbrellas

Business

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In 2004, Montreal once again hosted the Peachtree Road Race, a running event that attracts many world-calibre racers. This year, after numerous requests from Quebecers, the race officials sanctioned a race conducted in Iraq so that soldiers from the province would not have to miss the annual event. The winners of the Mideast race as well as scenes of the actual race were televised. In terms of a promotional mix, this Iraqi Peachtree was an example of which of the following?

a. strategic product promotions and resulting sales b. a target marketing strategy c. sales promotion efforts d. a public relations strategy and resulting publicity

Business

Fred's Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters

Quarter Demand Previous quarter's output 800 units 1 700 Beginning inventory 0 units 2 900 Stockout cost $100 per unit 3 1200 Inventory holding cost $10 per unit at end of quarter 4 600 Hiring workers $20 per unit Laying off workers $40 per unit Subcontracting cost $200 per unit Unit cost $100 per unit Which of the following production plans is better: Plan A–chase demand by hiring and layoffs; Plan B–pure level strategy, or Plan C–700 level with the remainder by subcontracting?

Business