1. According to the material presented in this class, among the most important and essential functions of business leaders are: [Select all that apply]

developing and executing a plan to drive the company’s competitors out of business.

developing the company’s least qualified employees.

establishing corporate values and promoting corporate ethics.

developing logically consistent operational plans for the organization.

2. In JIT, it is important to reduce lot sizes. In order to accomplish this, it is necessary to do which of the following?

Ensure adequate stock of raw material

Reduce setup times

Cross-train workers

Engage the workforce

None of the above

3. True or False? For price lining to be effective, consumers must perceive distinct differences between each line.

4. True or False? Leader pricing is successful when the item being promoted is recognized to be of significant value.