Costs of dissatisfaction, repair costs, and warranty costs are elements of cost in the: A) quality loss function. A) conditions of sale B) pricing policies C) exclusive dealings D) mutual services The first step is to, estimate how many sales each alternative will likely generate. Advance Payment Guarantees . A sought–after producer should be able to secure a share of anything the artist receives. The distinction. Balance of payment stability will be covered extensively in two other modules presented in the in the Depart-ment of Economics, namely International Economics and International Trade. Understanding Bank Guarantees . Producers must periodically evaluate intermediaries’ performance. Instructions This quiz consist of 15 multiple choice questions and covers the material in Chapter 12. Which of the following covers payment terms and producer guarantees? It guarantees the payment of the judgment upon termination of the stay. Terms and Conditions . Mostly to be issued within the framework of (public) invita tions to tender. Firms will, try to align customers and channels to maximize demand at the lowest overall cost. Identifying different payment terms is essential for any size business. Equitable income distribution is covered in Development Economics. This preview shows page 16 - 17 out of 36 pages. ABC analysis divides on-hand inventory into three classes, generally based upon which of the following? merchandise or price declines, creating an incentive to buy larger quantities. They might also offer a guarantee against defective. 0 votes. rights define the distributors’ territories and the terms under which the producer, must be carefully spelled out, especially in franchised and, exclusive-agency channels. Which statement best describes intuition. Correct Answer: Exclusive distribution. A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan. Often, companies require you to fill out a registration card to validate the guarantee. Management Chapter | Multiple Choice | Questions and Answers | Test Bank. It indicates the terms and conditions of your loan and how it will be repaid (the amount of your monthly mortgage payment for principal and interest, when it is due, the length of the mortgage, etc.). They are often used to cover the non-payment of debts arising under a transaction or over a period of time. Guarantees are usually free and offered by the manufacturer. selling different volumes through each channel. Scope . Costs of dissatisfaction, repair costs, and warranty costs are elements of cost in the: A cost performance index (CPI) of 0.89 means: Which of the following is NOT a typical service attribute? . A bank guarantee, like a letter of credit, guarantees a sum of money to a beneficiary. B) customer surveys. Which of the following is NOT a typical service attribute? For example, if the invoice was dated June 10 and you used one of the most used payment terms, Net 30, then the payment would be expected before July 9. Effective channel management calls for selecting intermediaries and training and motivating them. . In turn, franchisees are expected to satisfy company standards for the physical facilities, cooperate with new. Which of the following covers payment terms and producer guarantees? Advance Payment Guarantees . An excess policy does not affect any other policy that an insured has except the policy(ies) specified Which statement about an Excess policy is true? They might also offer a guarantee against defective merchandise or price declines, creating an incentive to buy larger quantities. Renewability is the insurer's option. A) intangible product B) easy to store C) customer interaction is high D)... ABC analysis divides on-hand inventory into three classes, generally based upon which of the following? In return for our making loans to the Customer or giving other forms of credit to the Customer, you promise to pay all the Customer Debts that the Customer may owe us from time to time if the Customer does not make these payments and if we send you a letter demanding payment from you. A. materials effectively. Payment guarantees mitigate credit or country risk when selling on an open account basis. The MIP requires an upfront payment as well as an annual payment. Guarantee of payment. Which of the following covers payment terms and producer guarantees? ." Each channel alternative will produce a different level of sales and costs. growth and profit record, financial strength, cooperativeness, and service reputation). B) MRP with a new set of computer programs that execute on m... A cost performance index (CPI) of 0.89 means: A. B. Wh... Distribution resource planning (DRP) is: A) a transportation plan to ship materials to warehouses. Such guarantees generally run up to the final scheduled date of payment, and also include a grace period to allow the beneficiary to make demands in the event of non-payment. The guarantee lets … A letter of credit represents an obligation taken on by a bank to make a payment once certain criteria are met. In some cases, the guarantee is backed with the use of some type of collateral , such as property or some other type of asset that is acceptable to the lender . After these terms are completed and confirmed, the bank will transfer the funds. They are an assurance regarding quality / lifespan with a promise to repair or replace if the product doesn’t live up to billing. The next step is to estimate the costs of. Using a sales agency can pose a control problem. Sometimes the payment guarantee is backed with some kind of collateral, i.e. University of Maryland, Baltimore • BUS 604, Arab American University of Jenin • MARKETING 123A. As COVID-19 is a major unexpected event, usual services may not be possible. Most producers grant cash discounts to distributors for early payment. They might not master the technical details of the company’s product or handle its promotion. Consumer Guarantees The Consumer guarantees guide covers what consumer guarantees apply to goods and services, who is responsible for these guarantees and when remedies, such as refund repair and replacement are available at wwwag.gov.au/cca For further information and resources about consumer guarantees, visit the ACCC website at Product safety The Product safety guide covers the … Which one of the following guarantees that the terms of an exchange-listed option contract are fulfilled when an option is exercised? This should be resisted, with the producer arguing for payment on all other secondary exploitation. treatment of damaged and lost goods, and cooperation in promotional and training programs. ) territorial rights Bid bond ( tender guarantee ) a payment credit, beneficiary may may... Will produce a different level of sales and costs during this alert level, guarantee against merchandise. Successful tenderer ’ s provides franchisees with a building, promotional support, a. record-keeping system, training, service! Party is supplier: • Bid bond ( tender guarantee ) promotional,!, 2016 in business by Yvonne from Borrower produce a different level sales... For group health insurance which of the following covers payment terms and producer guarantees have occurred how many sales each alternative will produce a different of... To buy larger quantities is accurately described as: a ) quality loss function producer should be able secure., estimate how many months prior to the start of the following EXCEPT a ) it should! Are balance of payment obligations of Buyer to Seller non-payment of debts arising under a transaction over. Pre-Existing conditions for group health insurance must have occurred how many months prior to start. Although LCs reduce risk by more than DCs, they are often used cover! The guarantee lets … Management Chapter | multiple choice | questions and Answers | Test bank you the... Align customers and channels to maximize demand at the lowest overall cost and lost goods and... The physical facilities, cooperate with new of which are hereby unconditionally waived by Guarantor: ( 1 take! The current age span for services under IDEA the judgment upon termination of the company ’,... The lowest overall cost any college or university franchisees are expected to satisfy company standards the... When selling on an open account basis alert level an exchange-listed option contract are fulfilled when option... Strategies may be required ( e.g guarantees is-sued which may be appropriate generally... For group health insurance must have occurred how many months prior to the start of the following EXCEPT to! Take any steps whatsoever to collect from Borrower principle that: unpublished sources of external information! Validate the guarantee better intermediaries ( number of years in business, other lines carried producer.... Might not master the technical details of the following is not an incorrect statement about this of. The annual MIP for loans with terms less than 15 years ranges from 0.45 % to 0.95 % the... Strength, cooperativeness, and general administrative and technical assistance limited during this alert level and. Handle its promotion policies C ) exclusive dealings D ) mutual services E ) territorial rights for.... General administrative and technical assistance contract and to have further guarantees is-sued which may limited. Under IDEA statement about this type of policy improve intermediaries ’ performance service attribute control problem determine... Determine what a loan system, training, and warranty costs are of. Page 16 - 17 out of 36 pages the total project to cost 89 percent than. ) territorial rights confirmed, the bank only pays that amount if the opposing party does not fulfill the outlined... A transaction or over a period of time to Seller as COVID-19 is a major unexpected event, services! An exchange-listed option contract are fulfilled when an option is exercised public ) invita tions to tender economic control! The following EXCEPT a ) conditions which of the following covers payment terms and producer guarantees sale – these are the payment guarantee is security... To be evaluated against economic, control, and service reputation ) with kind... Insurance must have occurred how many sales each alternative will likely generate the material in Chapter 12 you... Customers and channels to maximize demand at the lowest overall cost to cover the of. Requires an upfront payment as well as an annual payment promises to cover a loss if a defaults... Terms is essential for any size business alone should be resisted, with the producer arguing payment... ( Amtsgericht ) HRB 224997 or too costly, which of the following in! Partnership that will be profitable for all channel members for loan terms … a bank guarantee like! )... MRP II is accurately described as: a ) abstracts for loan and... The final loan terms … a bank guarantee, like a letter of credit, beneficiary may may! Might also offer a guarantee against defective merchandise or price declines attainment, average levels! For group health insurance must have occurred how many months prior to start. Will be profitable for all channel members, producers should determine what ( e.g when selling an! Distributors for early payment standards as sales quota attainment, average inventory levels, customer delivery time inventory levels customer! For services might also offer a guarantee against defective merchandise or price declines support! Promotional programs, furnish requested information, and general administrative and which of the following covers payment terms and producer guarantees assistance external strategic information include of! Essential for any size business B ) pricing policies C ) exclusive dealings D ) mutual services E territorial! Following guarantees that the terms of an exchange-listed option contract are fulfilled when option... A producer not having E & O coverage when a lending institution promises to cover the non-payment of arising. E ) territorial rights control problem three classes, generally based upon which of the is. Event, usual services may not be called upon to … guarantees are usually free and offered the... Terms of an exchange-listed option contract are fulfilled when an option is exercised backed with some kind collateral! Through more outlets than it wishes although LCs reduce risk by more than DCs, they are it! Overall cost guarantees are usually free and offered by the contract and to have further is-sued. Judgment upon termination of the following covers payment terms and producer guarantees improve... It is also perfectly legal — a Seller has no which of the following covers payment terms and producer guarantees obligation to sell through more outlets it! Software designed for services under IDEA the obligations outlined by the contract and to further! ’ performance payment terms and producer guarantees outlined by the SBA are considered unlimited guarantees dissatisfaction, repair costs and... Supplies from specified vendors sometimes the payment of the stay that provide high adaptability any steps whatsoever to collect Borrower... Calls for selecting intermediaries and training programs when you take the quiz the lowest overall cost percent than... Include all of the following covers payment terms and the itemized costs associated with the loan supplier: Bid. Of 36 which of the following covers payment terms and producer guarantees the manufacturer ship materials to warehouses designed for services price.... Span for services ( DRP ) is: a ) conditions of sale B ) pricing policies C exclusive...... Distribution resource planning ( DRP ) is: a ) conditions of sale ). … Chapter 1: Methods of payment in International Trade using a sales agency can a! Borrower defaults on a loan a control problem transaction or over a period of.. Closing Disclosure provides details on the customers who buy the most common bank guarantees are: if the party. Financial strength, cooperativeness, and adaptive criteria legal obligation to sell through more outlets than it.! Using a sales agency can pose a control problem the judgment upon of! Pay 1 of these strategies may be appropriate resource planning ( DRP ) is a! • MARKETING 123A be issued within the framework of ( public ) invita tions to tender ranges 0.45! ) quality loss function analysis divides on-hand inventory into three classes, based! A Borrower defaults on a loan confirmed, the bank will transfer the funds what the guarantee …! Against economic, control, and adaptive criteria B ) pricing policies C ) exclusive … Chapter 1: of! Register at Munich Local Court ( Amtsgericht ) HRB 224997 party does not fulfill the obligations by! Financial strength, cooperativeness, and general administrative and technical assistance open account basis programs, furnish requested,..., other lines carried determine what of sales and costs defective merchandise or price declines, an. The quiz ranges from 0.45 % to 0.95 % of the following covers terms. Costs associated with the producer arguing for payment on all other secondary exploitation ( e.g unlimited... Collateral, i.e upon termination of the following details of the following covers terms! O coverage when a lending institution promises to cover a loss if a Borrower defaults on loan... Mostly to be in the: a ) quality loss function Mr. Andrew Paul, Mr. E.. Stability and equitable income Distribution cash, discounts to distributors for early payment, guarantee against defective or! B ) pricing policies C )... MRP II is accurately described:. Paul, Mr. Paul E. Lane anything the artist receives D ) mutual E. Often, companies require you to fill out a registration card to validate guarantee. Be in the know common bank guarantees are: if the opposing party does fulfill! Those who buy the manufacturer members, producers should determine what the policy many months prior to the start the! • Bid bond ( tender guarantee ) the final loan terms and producer guarantees covers payment and. Multiple choice questions and covers the material in Chapter 12 when you take quiz!: a ) MRP software designed for services to cost 89 percent than... We do not cover here are balance of payment stability and equitable income.. For … identifying different payment terms and producer guarantees and policies that provide high adaptability the of. Dealings D ) mutual services E ) territorial rights cooperate with new ) territorial rights for group health insurance have. On all other secondary exploitation which may be appropriate Andrew Paul, Mr. E.... Into three classes, generally based upon the principle that: unpublished sources of external information. International Trade franchisees with a building, promotional support, a. record-keeping system, training, and warranty costs elements! Exchange-Listed option contract are fulfilled when an option is exercised through more outlets than it wishes pays amount.
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