The chain of command within a business is also referred to as the organization's _______ hierarchy of authority.

When faced with seasonal demand, a firm should use a combination of pricing (to manage demand) and production and inventory (to manage supply) to improve profitability

Indicate whether the statement is true or false.

________ is the most important, yet least productive, asset that a small business owns

A) Profit B) Cash C) Inventory D) Accounts receivable