Which one of the following statements represents an advantage of a Q system over the P system?

A) A perpetual inventory system is not mandatory.
B) Orders for multiple items from the same supplier can be combined more easily.
C) Fixed replenishment intervals are possible, which can be, administratively, quite convenient.
D) The Q system is more suited for quantity discounts and physical limitations.

D

Business

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Which of the following is not a factor in the cost of aircraft insurance?

A) Perils covered B) Experience and training of the pilot C) Type of cargo carried D) Landing and hangar fees charged by local airports

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The ________ strategy determines how a firm will compete in each of these markets

A) functional B) corporate-level C) unit-level D) business-level

Business