Assembled Groups of Customers Giving Their Opinions to Company Personnel

question 112

Multiple Choice

Assembled groups of customers giving their opinions to company personnel regarding various proposed program initiatives are known as?

• A) Open forums
• B) Focus groups
• C) Roundtables
• D) Town halls

---

Definitions:

Invoice

A document issued by a seller to a buyer, detailing a transaction and requesting payment for goods supplied or services rendered.

Open Account

A credit arrangement where goods or services are sold without immediate payment, allowing the buyer to pay at a later scheduled date.

EOQ Model

The Economic Order Quantity model is used to determine the optimal order size to minimize the sum of ordering, carrying, and stockout costs.

Reorder Points

The inventory level at which a new order should be placed to replenish stock before it runs out, avoiding stockouts and production delays.