A local manager at the (Best Price) store in Mumbai noticed two men carrying their recent purchase of a ladder along the street. From this, the manager concluded the store needed a delivery service for larger items. This is an example of what source of market information?
A. Internal referencing
B. Direct sensory perception
C. secondary market research
D. Quantitative research
E. Second-hand information gathering
Ans: B. Direct sensory perception
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Which of the following is not an indicator that revenue for a service can be recognized continuously?
A. The seller is enhancing an asset that the buyer controls as the service is performed. B. The seller is not enhancing an asset that the buyer controls or that has an alternative use to the seller, and the customer receives a benefit as the seller performs the service. C. The seller is not enhancing an asset that the buyer controls or that has an alternative use to the seller, and another seller would need to re-perform the tasks performed to date if that other seller were to fulfill the remaining obligation. D. None of the other answers is correct.
What are the 5 basic components of a supply chain management (SCM) system?
A) market, source, make, sell, deliver B) plan, source, buy, sell, deliver C) plan, source, make, deliver, return D) procure, make, market, sell, deliver