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Garden Variety Flower Shop uses 690 clay pots a month. The pots are purchased at $2.30 each. Annual carrying costs per pot are estimated to be 20 percent of cost, and ordering costs are $15 per order. The manager has been using an order size of 1,750 flower pots. a. What additional annual cost is the shop incurring by staying with this order size? (Round your optimal order quantity to the nearest whole number. Round all other intermediate calculations and your final answer to 2 decimal places. Omit the "$" sign in your response.) Additional annual cost $ b. Other than cost savings, what benefit would using the optimal order quantity yield (relative to the order size of 1,750)? (Use the rounded order quantity from Part a. Round your final answer to the nearest whole percent. Omit the "%" sign in your response.) About % of the storage space would be needed.
Branded drugs face generic entry by rival drugs that typically take 80% of sales away from the branded drug within three years. This loss occurs because generic drugs are much cheaper than branded drugs, and most insurance companies won’t pay for a b..
Describe and define the System Archetype being reflected in this current issue. Then, based on the "Seven Action Steps" associated with that Archetype, describe the fix you would implement to offset the archetype. Include as many potential solut..
Summarize the Needs Hierarchy Approach, Expectancy Theory, and Goal-setting Theory. Identify the most important factors in each individual theory and explain how a manager can use each to manage employee motivation and performance.
Discuss how understanding EI and working to improve your EI might benefit yourself and those you work with. Reflect on your individual assessment and include two key points learned from taking this assessment.
Which of the following statements is true about the kaizen philosophy?
Why is ethics an important component of research. Think about a possible risk of researching your topic or problem. Think about how you would seek permission from study participants to take a survey or be part of an experiment.
Determine a cost-minimizing production schedule that meets all demands on time
What is a balanced scorecard graphic. Design a balance scorecard and give an explanation of how your scorecard "works" and why it would be of value to a manager.
Discuss the building blocks of competitive advantage and the role a manager should play in achieving this advantage.
Create a table of differences between a general partnership and a limited partnership. Identify those activities in which a limited partner may engage without forfeiting limited liability. Create a table listing the differences between a limited part..
You miscalculated the required fuel and crashed an airplane. It was a rental. The plane is a total loss. Your passengers were injured. The FAA cited you for careless and reckless operation and a certificate action against you is underway. What do you..
Gurcharan Das is a veteran manager of international brands in the Third World. Review his local memoirs piece in the textbook. Discuss some of his insights that you found interesting.
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