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Company A uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Company A uses 800 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $50 per order. The cost schedule of 2 suppliers are as follows: VENDOR 1 VENDOR 2 QUANTITY PRICE/LB QUANTITY PRICE/LB 1-499 $17.00 1-399 $17.10 500-999 16.75 400-799 19.85 1000 + 16.50 800-1,199 16.60 1200 + 16.25. a) What is the economic order quantity for each supplier? b) What quantity should be ordered, and which supplier should be used? c) What is the total cost for the most economic order size? d) What factor(s) should be considered besides total cost?
Question 1. It is often said that profit maximization is the sole objective of business conduct. Do you agree with this view? Justify your answer using at least one example /
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I have 3 questions involving linear programming, solving using both a) the enumerating the corner points method and b) the iso-profit line method.
Looking at Walmart Corporation, identify it's Business Level Strategy. Short paper format about 100-300 words or as needed.
#methods..
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