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Julia makes handmade wreaths. Her fixed costs for equipment and workspace are $350 per week. The variable cost per wreath in materials is $13. She sells the wreaths for $28 each. Find the break-even point for how many wreaths she must sell in a month. How much profit does she make in a month if she sells 73 wreaths?
Discuss in detail how the VRIO Framework can be used to evaluate a business’ competencies. Explain which of the VRIO factors would allow a firm to achieve a sustainable advantage over its competitors, and why?
it adds or subtracts 3 percentage points to evaluate projects of low or high risk.
Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?
All of the directors of the XYZ Corporation were present at a meeting called on a Monday evening at 9 p.m. Meetings normally were held on Friday evenings at 6 p.m. At the Monday meeting, a report was made indicating that an agent of the corporation w..
What strategy has GMCR/Keurig used to fuel growth? What implications does GMCR/Keurig’s corporate strategy have for its approach to innovation, and how should this strategy be managed? Why didn’t the Keurig product development engineers think of this..
A large St. Louis feed mill, Robert Orwig Processing, prepares its 6-month aggregate plan by forecasting demand for 50-pound bags of cattle feed as follows: - Develop a 6-month production plan for the feed mill using the transportation method.
If there are certain columns of information that are not needed at a particular time but might be needed later, _____ the unneeded columns to allow users to focus on only the essential information.
Describe how occupation affects morbidity and mortality.
You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new product.
What are the two types of benefit by implementing a lean approach? How does the break-even point change after implementing a lean approach?
A new development in the intellectual property arena is the presence of “patent trolls.” These are small organizations, usually just a clever inventor and a patent attorney, who buy up patents or hold the inventor’s patents in a fast-moving area of t..
Queuing models can help explain all but one of the following: a. Predicting results of adding servers to a multiple server system. b. Effect of reducing service time variation on waiting time. c. Determining the size of a parking lot. d. Mean arri..
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