The drawbacks of the method adopted by CarMax were related to target markets and their Core values, market competencies, idea of Test drives before purchase of product, emergence of competitive companies with their Competitive products and development of a sustainable competitive edge.
CarMax is a vehicle retailer organization situated in US. It provides less expensive cars to customers mainly due to the large inventory that it owns. It provides the option of test driving of car before actually selling it. One of the major weaknesses of the CarMax was it outdated inventory management system. Some customers were even not satisfied with their car selling policies. The disruption in emerging technologies and Changing consumer behavior with huge variety of vehicles also posed certain challenges to the delivery services of CarMax.
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The statement that is true among the choices given is option C. The presentvalue of money is greater than its future value. This statement is a fact and is always true. The present worth of a money is greater than its future value due to inflation. This is the principle called the time value of money.
Answer:
False.
Explanation:
Six Sigma is a quality control standard that was developed by Motorola Inc in 1986. It aims to reduce defects in goods produced.
While production cycle remains constantor faster, the quality of output should be kept below 3.4 defects per million.
Six Sigma is now applied in various fields like customer service to ensure customer retention, and management strategies.
So the statement above is false, defects must be kept below 3.4 per million to comply with Six Sigma standard.
Answer:
Expanded market for their products
Explanation:
International trade is a trade involving individuals or firms in two different countries. A country that has a comparative advantage in producing a product can manufacture it in bulk and sell it to other countries.
The consumers in Canada that require cleaning products can buy them from the USA. In other words, they will be importing . Canadians can also sell excess paper products to the USA. They will be exporting.
By trading, Both Canada and the USA will get markets for the products they have in excess. Business people in this country will profit from international markets. They will increase production, which adds to their countries GDP.
Hello there,
The answer to your question is reliability
Hope this helps :))
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