Abc analysis is an item classification system which consists in dividing items in three categories (A,B,C), A being the most valuable and C the least valuable.
A. It can be used as a guide for allocating time and attention in inventory management, since it's easier to go for the valuable items.
B. It can be used to identify A items as primarly materials and parts that account for the highest percentage of annual dollar value, as those would be the most valuable.
C. Can be used as a guide for establishing controls in inventory management, as by categorizing you have more control of the inventory.
D. It could be used for inventory management to concentrate their time and effort on specific supply type items depending of how valuable they are.
E. Since none of the above is an exception, the answer is E.
Answer:
"Do you want the standard model, or the one with the special options package?"
Explanation:
To close a sale, the salespersons generally ask the customers to buy a particular product. The closing statement is considered as one of the essential aspects of marketing and selling a commodity. In this case, Ryan feels that the client is interested in one of the product by asking the client which product she wants is the best closing statement considering the circumstances.
Examines the supply chain to determine where value is added
Answer:
c) Hotel rates for AAA members are lower than for nonmembers.
Explanation:
In business, the term price discrimination refers to the strategy by which the seller charges a different price for the SAME product because the seller knows that the client will pay that price. The key word of this definition is that the seller is offering the <u>same</u> service/product but at different costs
If we take a look at our options we can see that a) offers a different service (one is overnight shipping and the other is standard), b) also offers a different product (first-class seats vs. coach), finally, c) offers the same product (the same hotel rooms) but non members pay more for the rooms than AAA members.
Thus, the correct answer is c) Hotel rates for AAA members are lower than for nonmembers.