Promotions Typically Follow Which of These Schedules

question 141

Multiple Choice

Promotions typically follow which of these schedules?

• A) variable ratio
• B) Fixed interval
• C) Fixed ratio
• D) Variable interval
• E) Variable ratio

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Definitions:

Carrying Costs

Expenses associated with maintaining inventory, including storage, insurance, and opportunity costs.

Cycle Counting

An approach to stock audit where a limited selection of the inventory at a defined site is enumerated on a chosen date.

Service Level

A measure of the performance of a service system, often defined in terms of responsiveness to customer needs and reliability.

Ordering Costs

The expenses associated with the process of requisitioning, purchasing, and receiving goods and services; includes costs of paperwork, communication, and inspections.