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Skinner’s Fish market buys fresh Boston bluefish daily for $4.20 per pound and sells it for $5.70 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $2.40 per pound. Daily demand can be approximated by a normal distribution with a mean of 180 pounds and a standard deviation of 50 pounds. What is the optimal order quantity?
of the five management functions which do you expect will experience the most dramatic changes in the next decade?
Very recently Volkswagen has been in the news because of their efforts to cheat on emissions. Discuss this with emphasis on their goal of being the no 1 auto manufacturer in the world. Is it advisable for a firm to be the number 1 in sales? What is a..
A manufacturer decides to develop a chart to monitor the performance of a process. 10 samples are taken with 5 units in each sample. Suppose the average of the 10 sample means is 55 and the average of the 10 sample ranges is 8.
Leo Durocher, baseball manager from 1939 to 1972, once said, "Nice guys finish last." Apply that idea to leadership within an organization
Explain the process of financial planning used to estimate asset investment requirements for a corporation. Explain the concept of working capital management.
For years The Glass Slipper restaurant has operated in a resort community near a popular ski area of New Mexico. The restaurant is busiest during the first 3 months of the year, when the ski slopes are crowded and tourists flock to the area.
Jim's Outfitters, Inc., makes custom fancy shirts for cowboys. The shirts could be flawed in various ways, including flaws in the weave or color of the fabric, loose buttons or decorations, wrong dimensions, and uneven stitches.
Discuss also how organisations can be persuaded to adopt modern inventory control methodologies - Explain how such a basic mathematical model used in this question (the EOQ or Quantity Discount modes) can be altered to make it more realistic to inc..
Remember, risk is an uncertain event or condition that can have a positive or negative impact on the project. This week, you will be identifying and analyzing your project risks and developing a risk management plan to monitor and track your proje..
In the middle of acquiring a new company overseas, the deal hits a roadblock and your negotiation team is sent in. Based on the eight negotiation steps, how do you approach the situation? The acquisitions team has indicated they stopped the proces..
The financial performance of any business depends on a number of factors. Other than the strategy in e-activity, explain in detail how two other factors specific to this MCDonald's might make
Evaluating environmental and industry influences that create strategic opportunities or issues. Using theories and models of strategy to increase knowledge of an organization's strategic position and direction.
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