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A local artisan uses supplies purchased from an overseas supplier. The owner believes the assumptions of the EOQ model are met reasonably well. Minimization of inventory costs is her objective. Relevant data, from the files of the craft firm, are annual demand (D) =150 units, ordering cost (S) = $42 per order, and holding cost (H) = $4 per unit per year
a. Calculate the Economic Order Quantity?
b. Using the EOQ, how many orders will the owner place per year?
c. What is the annual inventory costs (Order Cost + Holding Cost) associated with this Economic Order Quantity?
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PROCESS AND LOCATION STRATEGY
Which of the following describes Zajonc's famous theory of social facilitation and inhibition?
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You are asked to summarize your thinking on this subject in a paper. Specifically your essay should consider including the following suggested topics- Strategic imperatives to the organizational capabilities
Identify an example of the courts changing the law in response to changes in technology or society. Was this change for the better? Why or why not?
All companies have strengths, weaknesses, opportunities and threats. Bulk purchasing discounts are one of the principal advantages for franchisors. Franchisees suffer from a restriction of their freedom. Opportunities and Threats are external in natu..
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