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NEW QUESTION: 1
What is the primary purpose of a service specification?
A. to ensure that the resulting service is suitable for its intended uses
B. to ensure that the service can be built within the given cost and schedule guidelines
C. to ensure that the service appropriately utilizes other services
D. to ensure that the design of the service follows established best practices
Answer: A
NEW QUESTION: 2
Some of the sources for different types of error that can be quantified using Statistical Analysis are which of these?
A. All of the above
B. Error in sampling
C. Bias in sampling
D. Error in measurement
Answer: A
NEW QUESTION: 3
A. Option D
B. Option C
C. Option A
D. Option B
E. Option E
Answer: E
NEW QUESTION: 4
Gray market activity is in essence a form of arbitrage. To prevent this activity by their distributors, multinational firms:
I. Raise prices charged to lower-cost distributors.
II. Police the firms' distributors.
III.
Change the product.
A. II and Ill only.
B. I, II, and Ill.
C. I and II only.
D. I only.
Answer: B
Explanation:
In a gray market, products imported from one country to another are sold by persons trying to make a profit from the difference in retail prices between the two countries. These activitiesclearly lower the profits in some markets of the multinational firm that was the initial seller. One response is to monitor the practices of distributors and retaliate if necessary. A second response is to charge higher prices to the low-cost distributors to reduce their incentives to participate in a gray market. A third response is to differentiate products sold in different countries, e.g., by adapting the product or offering distinct service features.