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Consider a supply chain consisting of a heavy machine mfr., its part supplier, its dealer, and the customer. The mfr. produces customized machine and uses the dealer to sell to the customer. Suppose the customer's reservation price of the machine is $300,000. The retail price is $250,000. The wholesale price between the mfr. and the dealer is $200,000. The dealer's other retail related cost is $20,000. To produce the machine, the mfr. spends $50,000 as the production cost and pays the supplier $40,000 to buy the parts needed. The parts are not customized and the supplier's production cost is $10,000. What is the supply chain surplus and what is the mfr.'s objective?
Define social responsibility. How does this view of the role of business differ from your previous perceptions? How is it consistent with your attitudes and beliefs about business?
Implementing and executing a new or different strategy call for new resource allocations. Using your university's access to LexisNexis or EBSCO, search for recent articles that discuss how a company has revised its pattern of resource allocation and ..
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Town barber shop can accommodate 35 customers per day. Manager has determined that if 2 additional barbers are hired, shop can accommodate 80 customers per day. Illustrate what are design and effective capacities for barber shop
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Explain why operational efficiency is so important to Net Income, Return on Capital and Income.
Development is distinguished from training, in that __________. The Fair and Accurate Credit Transaction Act (FACT) __________.
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