What are the secondary levers for safety stock inventory?
What will be an ideal response?
The secondary levers for safety stock inventory are improved demand forecasts, cutting lead-time of purchased or produced items, reducing supply uncertainties, and relying more on equipment and labor buffers.
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Which of the following statements about segmenting international markets is true?
A) Countries in close physical proximity to each other have similar cultural, economic, and political environments. B) Consumers in one country's market have more in common with each other than they do with consumers in other countries. C) Segments that span national boundaries can be more valuable to companies than segments that exist within a single country. D) The basis for grouping customers across country borders should be immigration. E) Global marketing strategies that identify consumer needs and wants within national boundaries are the most successful.
To reduce uncertainty in decision-making situations, a decision maker needs
A) information. B) risk management. C) intuition. D) group facilitation.