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NEW QUESTION: 1
Which is the most accurate description of proactive retention? Proactive Retention ___________.
A. enables business to respond to customers when they contact a call center
B. enables the business to reduce the number of credit risk customers
C. anticipates potential customer churn
D. simplifies the process of retaining customers
Answer: C
NEW QUESTION: 2
The following are examples of continuous physical inventory procedures:
There are 4 correct answers to this question.
Response:
A. Zero stock check
B. AdHoc
C. Low stock check
D. HU counting
E. Putaway physical inventory
Answer: A,B,C,E
NEW QUESTION: 3
If the demand for a normal good is inelastic, then the sales price of the product would increase following
a(n):
A. Decrease in the supply of the product.
B. Increase in the supply of the product.
C. Decrease in the price of a substitute good.
D. Increase in the number of suppliers of the product.
Answer: A
Explanation:
Choice "c" is correct. If demand is perfectly inelastic (or not price sensitive), there will be no change in
quantity demanded for a change in price. This means that consumers of the product will demand a
constant quantity, regardless of the price. If the quantity supplied is reduced (presumably below an
equilibrium point where supply equals demand), there will be excess demand for the product and sales
price will go up. The increase in sales price will have no impact on demand (because demand is assumed
to be perfectly price inelastic). Choices "a", "b", and "d" are incorrect, per the above Explanation: .
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