A Company Recently Lowered Its Service Performance from 99% Product

question 21

Multiple Choice

A company recently lowered its service performance from 99% product availability to 97% product availability.The change saved the company exactly $1 million per year in inventory carrying cost.Senior management now wants to lower the service level to 95% from 97%.Such a further change is likely to save:

• A)less than $1 million
• B)about another $1 million
• C)more than $1 million

Comprehend the concept that negotiation is both an art and a science, particularly in a cross-cultural context.

Acknowledge how political factors can influence the conduct of business negotiations in different countries.

Analyze the difficulties in resolving high-conflict situations based on ethnicity, identity, or geography.

Evaluate the impact of cultural adaptiveness and the perception of negotiators from different cultures.

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Definitions:

Recessive Genes

Genes that are not expressed in the phenotype unless two copies are present, one from each parent.

Dominant Gene

A gene that expresses its phenotype in the presence of another allele, overshadowing recessive genes when only one copy is present.

Anterior Pituitary

The front portion of the pituitary gland, which secretes hormones that regulate a wide range of bodily functions, including growth and reproduction.

Aroused

The condition of being alert, awake, or stimulated, which can refer to physical, emotional, or sexual stimuli.