Identify the inventory tactics appropriate for a JIT environment
What will be an ideal response?
Inventory tactics for a JIT environment include a pull system to move inventory, ever smaller lots, just-in-time deliveries from suppliers, deliveries directly to point of use, performance to schedule, setup reduction, and group technology.
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Which of the following examples best illustrates indirect network externalities?
a. A successful mail-based video company increases the volume of mail for FedEx. b. A ring-tone and "wallpaper" company generates work for graphic designers and musicians. c. A cell phone company's platform is so successful that developers of cell phone accessories and innovative software build on that platform. d. A software company upgrades programs every few years and offers the upgrades to past customers for a fee. e. All of the above are examples of indirect network externalities.
Mr. Wilson has given more thought to expanding Tuscan Treasures through gaining control of its inputs through purchasing the Italian distributor they are currently working with. Which of the below strategies is Mr. Wilson following here?
A) International B) Backward vertical integration C) Diversification D) Concentration E) Forward vertical integration