Storing

question 55

Multiple Choice

Storing:

• A) costs include the costs of damage, theft, and reduced value if products get out-of-date.
• B) costs can be reduced in the channel if suppliers are reliable about meeting delivery schedules.
• C) too few products is likely to reduce a firm's costs, sales, and profits.
• D) decisions are more difficult to make when demand is irregular.
• E) All of these alternatives about storing are true.

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Definitions:

Attention

The focusing of cognitive resources on particular information while ignoring other perceivable information.

External Environment

All external factors and conditions, including physical, social, and economic, that affect an individual or organization.

Speech

The expression of thoughts and feelings by articulated sounds or words, a primary means of human communication.

Perception

The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.