Manufacturing service has the following features:
Manufacturing product has the feature of easier measurement of productivity, which can be assessed through sales of the product.
Hence, Answer is Option D
2 Which of the following is more a characteristic of manufacturing goods than services? A intangible...
3. Which is not an area of significant difference between manufacturing and service operations? a) forecasting demand b) uniformity of input c) labor content of jobs d) customer contact e) measurement of productivity 4. The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: Year Four years ago Three years ago Two years ago Last year Enrollment 2000 2200 2800 3000 What is this year's forecast...
Question 17 (1 point) Price discrimination is more common for firms selling services than for manufacturing firms because monopoly is more common in producing services than in producing manufactured goods. O price elasticities differ among consumers of services more than among customers of manufactured goods. it is easier to prevent resale of a service than of a manufactured product. firms selling services are more likely to have constant marginal cost curves. Question 18 (1 point) Assume that a monopolist produces...
1) Service provider training in interpersonal skills is most important when a. customer contact is high. c. services are equipment-based. b. customer contact is low. d. rental goods are involved 2) The use of marketing to increase the acceptability of social ideas is referred to as a. social marketing. c. the marketing of ideas. b. nonprofit marketing. d. green marketing. 3. The inseparability of services makes it easier for service providers to establish branch locations. (true/false)
Which of the following is not a characteristic of a service? Group of answer choices A. Difficult to emulate B. Variable output C. Intangible D. Perishable
24 Short-term securities possess all of the following characteristic and/or advantages except a. low interest rate or maturity risk b high yield or investment return c low default risk d high marketability or liquidity 25 The conditions under which a firm sells its goods and services for cash or credit a. collection policy b terms of sale c terms of endearment d credit contract
Cost Categorization, Cost Flow, and Measurement Decisions 24. Which of the following is NOT characteristic of process-costing operations? a. the costs of manufacturing are averaged over the units produced for a given period b. units of product are easily differentiated from each other c. each unit of product receives a similar amount of manufacturing costs d. units of product are relatively homogeneous 25. Although costs are important in management decision making, they are difficult to trace to a particular product....
Sort the following determinants of price elasticity of demand.
Which ones make goods and services more elastic and which ones make
goods and servicesMore inelastic
Answer NO Question Which of the following is not the responsibility of an operations manager? a. acquiring financial resources managing inventories planning production d. scheduling production was a radical change in manufacturing organization which made equipment with complex parts a. division of labor b. scientific management c. interchangeable parts d. craft production In the recent time, there has been a major paradigm shift in the way consumers and business operate. This is motivated by a) Internet Revolution b) Globalization c)...
QUESTION 5 Which of the following is not characteristic of globalization? a National economies are turning into independent economic systems. b. Material culture is starting to look similar the world over. c. Perceived distance is shrinking due to advances in transportation and telecommunications d. Barriers to cross-border trade and investment are declining QUESTION 6 states is primarily responsible for policing the world trading system and making sure nation states adhere to the rules laid down in trade treaties signed by...
and published in 1) Historians of economic thought often describe written by as the first real exposition of an economic model. A) "Of the Balance of Trade," David Hume, 1776 B) "Wealth of Nations," David Hume, 1758 C) "Wealth of Nations," Adam Smith, 1758 D) "Wealth of Nations," Adam Smith, 1776 E) "Of the Balance of Trade," David Hume, 1758 2) An important insight of international trade theory is that when two countries engage in voluntary trade A) one country...