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I was given this exercise:
There is a product of KFC for children that is low selling rate. To stimulate the sale, manager set a promotion plan that whenever customer orders that product, they will be awarded a toy (of course for the child).
What I have to do is plan an action plan for this (determine the cost, how profit it will be, how many customers to achieve that...something like this since I'm in Marketing course). It should be in a table.
The numbers are not need to be exactly real, but need to be reasonable and the whole plan is DOABLE.
At what volume of output would the two locations have the same total cost? For what range of output would location A be superior? For what range would B be superior?
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Adopting an ERP (Enterprise Resource Planning) system is a key business as well as a technology decision. Why would a company want to adopt ERP?
You are working on a calendar year basis and give all raises on january 1. your market position at the beginning of the new plan year is 4.0% below the market.
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Analyze the ways in which the U.S. government regulates product safety and make at least one recommendation for how the regulatory approach of one of the agencies discussed
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how many pounds of each chemical ingredient to put into a bag of fertilizer to meet minimum requirements of 20 ounces of nitrogen, 36 ounces of phosphate also 2 ounces of potassium while minimizing cost.
Elucidate what is the probability which a random number from the triangular distribution is less than 400. Elucidate what is this probability for the normal distribution.
Twelve containers are authorized for the part. Recall which p-bar is the average processing time per container not per individual part. Find out the value of the policy variable, α, which expresses the amount of implied safety stock in the system.
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