The fixed-period inventory model can have a stockout during the review period as well as during the lead time, which is why fixed-period systems require more safety stock than fixed-quantity systems

An employing broker who designates one associate broker to work with the seller and another to work with a buyer has a brokerage relationship with the parties.

a. true b. false

Through ________ competition, competitors offer different products, attempting to satisfy the same consumers' needs and wants

A) discretionary income B) product C) brand D) monopolistic E) oligopolistic