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What is the average defection rate for grocery store shoppers in a local area of a large city if customers spend $60 per visit, customers shop 52 weeks per year, the grocery store has a 12% gross margin, and the value of a loyal customer is estimated at $2,750 per year?
Discuss the impact entrepreneurs have on the economy. Highlight at least one benefit and one potential downside.
Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. The cost of placing an order is $40, while the holding cost is $20 per unit per year.
Using at least two different quality tools, analyze data also present your conclusions. Elucidate how could survey have been more useful. Illustrate what is next step.
Explain cost to produce a can would be $0.07 and distribution cost would be $0.04 per can. Over illustrate what range of product would each plant be preferred.
Outline what you feel are the biggest time waster in your completion of your studies. How do you manage these time wasters to ensure you can effectively manage your time and meet your study requirements?
During the course of a day, employee Jennifer Anniestown (an accountant) constantly opens and updates her Facebook account on her iPad, checks on her lottery ticket numbers.
Under what environmental conditions are price wars most likely to occur in an industry? What are the implications of price wars for a company? How should a company try to deal with the threat of a price war?
What is the break-even quantity beyond which the first process is more attractive?
If expected sales at A, B, and C are 20,500 per month, 22,800 per month, and 23,400 per month, respectively, calculate the profit of the each locations?
What capacity problems are encountered when a new drug is introduced to the market?
A professor records the number of students who complain each week throughout the semester. If the class size is forty students, what are 3-sigma control limits for this class?
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor for $7 each or to produce them in-house.
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