ba 316

The acronym for using computers to guide and control the manufacturing process is referred to as

CIM

process is when long production runs turn out finished goods over time.

Continuous

A butcher who cuts a larger piece of beef into steaks is an example of - prepares good

Form Utility

The value added to inputs during the creation of a product is called

Form Utility

providing customers with attention to their needs providing customers with quality care maintaining strong relationships with their suppliers

Recognize that service providers must focus on:

Which form of utility is added by marketing intermediaries who make products available when they are needed

Time Utility

such as Ace Hardware and IGA food stores. Each store signs an agreement to use the same name, participate in chain promotions, and cooperate as a unified system of stores, even though each is independently owned and managed.

Wholesaler-sponsored chains

When producers manage all marketing functions at the retail level they are employing.

administered distribution system

Computers are used to design products when CAD is employed. True false question.

computer-aided design (CAD)

System in which members are bound to cooperate through contractual agreements

contractual distribution system

Land, labor, capital, entrepreneurship, and knowledge, which are used to produce finished goods and services, are known as the:

factors of production (endowments)

Using machines that are designed to do multiple tasks in order to produce a variety of products is called

flexible manufacturing

A merchant who performs all of the service functions is known as wholesaler.

full service

A short production run with frequent adjustments to machines is considered ----process of production.

intermittent

The factors of production

land labor capital knowledge

Using machines that are designed to do multiple tasks in order to produce a variety of products is called

lean manufactering

Intermediaries who take title to goods, but do not perform all typical functions are called ? drop shippers Rack jobbers cash and carry

limited-function wholesalers

Technological changes have had such a great impact on the ______ that this segment of the American economy will likely never employ as many people as it did in the 1950s.

manufacturing industry

make good or service achievable an accessible with quicker time frame. performing necessary activities such as storage and transportation

marketing intermediaries

Using factors like land, labor, and capital to create goods and services is referred to as

production

Group of retailers that establish a shared wholesaling operation to help them compete with chains.

retail cooperative

The type of utility that provides fast, friendly service during and after the sale as well as teaching customers to use products over time is.

service utility

Electronic retailing has become closely connected with and influenced by consumers' use of

social media