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1. Supply chain responsiveness includes the ability to do which of the following?
A) Understand customers and supply chain B) Match supply chain responsiveness with the implied uncertainty of demand C) Meet short lead times D) Ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness
2. Why would anyone in their right mind buy a brand new car in the spring when they know that new car models will appear in late summer and early fall and the dealers will use?
A) markdowns to move that old inventory? B) information systems to move that old inventory? C) pull systems to move that old inventory? D) lost sales to move that old inventory?
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In order to attain or maintain competitive advantage, retail organizations must take particular care in establishing return policies. In writing this essay, make sure you address the cost of losing a valued customer due to rigid policies vs. the cost..
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Should Conway continue to operate his business as a sole proprietorship? Should he operate his business as a partnership? Explain why or why not.
Assuming that the probability of a customer waiting more than "X" seconds is 67.36%, determine, with the help of the normal distribution table, the value of X.
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