When manufacturers like Nike undertake wholesaling and retailing activities, this can be described as: Forward integration Diversification OBackward integration Horizontal integration
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- Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry? A. commercial awareness B. conceptualization C. collaboration D. imaginationList some AIS and MIS information from which sales people may benefit. Clearly indicate whether the information item would be an output of a traditional AIS or MIS system. Finally, discuss the benefits of integrating this information.Examine the varied approaches used by various businesses in leveraging IT.
- Computer controlled machining system is an example about which of the following primary activities of a firm value chain? a. Outbound logistics b. Service c. Operations d. Sales _______ is one of the basic business functions: a. Sales. b. Suppliers. c. Customers. d. CRM.Which of the following statements is untrue about distributor metrics? Group of answer choices Goals of distribution operations include fulfilling orders in a timely and efficient manner. A goal of distribution operations is to conduct activities that maintain competitive advantages. Customer research provides valuable information about channel member needs and problems in areas other than logistics. Meeting and exceeding customer needs by getting the right amount of the right products to the right place at the right time is perhaps the most important strategic competitive advantage. The lower the service standards are, the greater the cost is to the firm in order to maintain those same service standards.Which statement best describes cloud computing?a. Cloud computing involves long-term contracts.b. Cloud computing is location-independentcomputing.c. Cloud computing involves an organizationselling its IT resources to a vendor and leasingback IT services from the vendor.d. Cloud computing involves fixed pricecontracts.e. Cloud computing involves entering into multiplecontracts with several IP service providersto create a cloud of resources.
- Explain the meaning of transfer pricing and how a company could price products passing from one operating division to another when they also have external customers.World-class businesses use which of these systems to integrate all of a company’s worldwide functions, departments, and data into a single system? a. Cost standards b. Enterprise resource planning c. Just-in-time management d. Items a, b, and c are correct.Management of Green Peak Tea Company has asked you, the controller, to develop a transfer pricing system for the company. The Brewing Department of the company sells all of its product to the Bottling Department of the company. Thus the Brewing Departments sales become the Bottling Departments cost of goods sold. In order to determine an optimal transfer pricing system, management would like you to demonstrate what an income statement would look like under a cost, market, and negotiated transfer pricing structure. These various transfer prices are listed as follows. Prepare an income statement for each of the transfer prices by filling in the missing numbers in the provided income statement based on each transfer price (thus four different income statements) and calculate the operating income/loss percentage. Prepare a brief summary of the results.
- Economic Attributes Framework Applied to the Specialty Retailing Apparel Industry. Apply the economic attributes framework discussed in the chapter to the specialty retailing apparel industry, which includes such firms as Gap, Limited Brands, and Abercrombie Fitch. (Hint: Access Gales Business Company Resource Center, Global Business Browser, or Standard Poors Industry Surveys to obtain the needed information.)Management of Great Springs Bottled Water Company has asked you, the controller, to develop a transfer pricing system for the company. The Transportation Department of the company sells all of its product to the Bottling Department of the company. Thus the Transportation Departments sales become the Bottling Departments cost of goods sold. In order to determine an optimal transfer pricing system, management would like you to demonstrate what an income statement would look like under a cost, market, and negotiated transfer pricing structure. These various transfer prices are listed as follows. Prepare an income statement for each of the transfer prices by filling in the missing numbers in the provided income statement based on each transfer price (thus four different income statements) and calculate the operating income/loss percentage. Prepare a brief summary of the results.Which statement is most correct? a. SAP is more suited to service industries than manufacturing clients. b. J.D. Edwards’s ERP is designed to accept the best-practices modules of other vendors. c. Oracle evolved from a human resources system. d. PeopleSoft is the world’s leading supplier of software for information management. e. SoftBrands provides enterprise software for the hospitality and manufacturing sectors.
