A Stage Hypnotist Arranges Chairs So That Only a Few

question 65

Multiple Choice

A stage hypnotist arranges chairs so that only a few of the many volunteers who rush to the stage are able to participate in the show. She does this to capitalize on which responsiveness-enhancing variable?

• A) Expectancy
• B) Attitude
• C) Motivation
• D) Absorption

Recognize the significance of safety stock and how it is determined.

Understand the impact of delivery and service activities on customer satisfaction and business efficiency.

Understand how to analyze customer profitability accurately.

Recognize the principles and benefits of just-in-time (JIT) systems in inventory management.

---

Definitions:

Liberal Credit Policy

A liberal credit policy is a financial strategy where companies extend credit terms to customers more freely, aiming to increase sales volume by allowing more flexible payment options.

Economic Order Quantity

A calculation used to determine the optimal order size that minimizes the sum of carrying costs and ordering costs in inventory management.

Inventory Costs

Costs associated with ordering, holding, and managing inventory, including storage, insurance, and obsolescence.

Carrying Costs

Expenses associated with holding or maintaining an asset over time, such as storage, insurance, and taxes for physical goods.